Fulcrum Utility Services Limited provided earnings guidance for the financial year ending March 31, 2013. The company announced EBITDA performance is expected to show a significant improvement over the loss of £2.1 million generated in financial year 2012, with positive EBITDA for the full year between £1.2 million and £1.4 million. However, results will therefore be materially behind market expectations.

Following a pronounced deterioration in the final quarter of the financial year, revenues in the second half are expected to be approximately 10% lower than in the same period last year. Revenue for the full year to 31 March 2013 will be between £38 million and £39 million, approximately 7% lower than the prior year. Weaker gross margins in the second half will result in a marginally positive EBITDA result in that period.