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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
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17 Mar 2021 - Smart Metering Systems posts jump in profit in "challenging" market
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16 Mar 2021 - BROKER RATINGS: CS upgrades HSBC, Barclays and NatWest, cuts StanChart
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SMS.L News
BROKER RATINGS: Barclays and Goldman Sachs downgrade Hammerson
BROKER RATINGS: Barclays and Goldman Sachs downgrade Hammerson
CORRECT: BROKER RATINGS: Buy Smurfit Kappa and DS Smith - Berenberg
CORRECT: BROKER RATINGS: Buy Smurfit Kappa and DS Smith - Berenberg
BROKER RATINGS: Buy Smurfit Kappa and DS Smith, hold Mondi - Berenberg
BROKER RATINGS: Buy Smurfit Kappa and DS Smith, hold Mondi - Berenberg
Smart Metering Systems posts jump in profit in "challenging" market
Smart Metering Systems posts jump in profit in "challenging" market
Smart Metering beats expectations for 2020, outlines dividend plan
(Sharecast News) - Smart Metering Systems reported a 6% improvement in its index-linked annualised recurring revenue in 2020 on Tuesday, to £77m.
BROKER RATINGS: CS upgrades HSBC, Barclays and NatWest, cuts StanChart
BROKER RATINGS: CS upgrades HSBC, Barclays and NatWest, cuts StanChart
UK earnings, trading statements calendar - next 7 days
UK earnings, trading statements calendar - next 7 days
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