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IN BRIEF: Smart Metering Systems backs outlook on solid performance
Smart Metering Systems PLC - Glasgow-based provider of end-to-end services in utility connections, smart metering and energy management - Index-linked annualised recurring revenue rises 6.4% to GBP91.4 million as at April 30 from GBP85.9 million as at December 31 in Meter & Data assets.
Says run rate in smart meter installations has strengthened. Adds that it expects further improvement over the course of the year.
Expects its 400 million watts project to start trading in the third quarter of 2022. Liquidity as at April 30 remains "strong" with GBP63.3 million cash in hand, down 46% from GBP117.7 million as at December 31. Says its outlook for underlying profitability in 2022 remains unchanged.
Current stock price: 834.00 pence
12-month change: up 1.1%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest SMS News
- Smart Metering Systems raises GBP175 million after profit plunge
14 Sep 2021 - Smart Metering raises £175m in placing to fund growth opportunities
14 Sep 2021 - IN BRIEF: Smart Metering Systems proposes GBP175 million fundraise
13 Sep 2021 - UK earnings, trading statements calendar - next 7 days
7 Sep 2021 - LONDON BROKER RATINGS: Citi and JPMorgan differ on Bridgepoint
31 Aug 2021 - Smart Metering Systems wins fresh meter contract, secures grid-scale battery project
25 Aug 2021 - Smart Metering Systems wins meter contract, adds new battery project
25 Aug 2021 - Smart Metering on-track to raise annual payout; expects solid interim
28 Jul 2021
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SMS.L News
Smart Metering Systems raises GBP175 million after profit plunge
Smart Metering Systems raises GBP175 million after profit plunge
Smart Metering raises £175m in placing to fund growth opportunities
(Sharecast News) - Smart Metering Systems said on Tuesday that it has raised gross proceeds of £175m in a placing to fund "significant growth opp...
IN BRIEF: Smart Metering Systems proposes GBP175 million fundraise
IN BRIEF: Smart Metering Systems proposes GBP175 million fundraise
UK earnings, trading statements calendar - next 7 days
UK earnings, trading statements calendar - next 7 days
LONDON BROKER RATINGS: Citi and JPMorgan differ on Bridgepoint
LONDON BROKER RATINGS: Citi and JPMorgan differ on Bridgepoint
Smart Metering Systems wins fresh meter contract, secures grid-scale battery project
(Sharecast News) - Energy infrastructure company Smart Metering Systems said on Wednesday that it has won a fresh meter contract and secured an additi...
Smart Metering Systems wins meter contract, adds new battery project
Smart Metering Systems wins meter contract, adds new battery project
Smart Metering on-track to raise annual payout; expects solid interim
Smart Metering on-track to raise annual payout; expects solid interim
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