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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
- IN BRIEF: Smart Metering Systems signs new contracts, buys portfolio
3 Mar 2021 - BROKER RATINGS: SocGen starts United Utilities and Pennon with Buy
3 Mar 2021 - Smart Metering Systems secures new domestic contract wins
3 Mar 2021 - IN BRIEF: SimplyBiz Hires Former Smart Metering CFO Thompson As CFO
17 Feb 2021 - EXECUTIVE CHANGES: Smart Metering Systems CFO To Leave At March-End
8 Feb 2021 - IN BRIEF: Smart Metering 2020 Profit To Beat Market Expectations
2 Feb 2021 - UK Dividends Calendar - Next 7 Days
21 Jan 2021 - UK Dividends Calendar - Next 7 Days
31 Dec 2020
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SMS.L News
IN BRIEF: Smart Metering Systems signs new contracts, buys portfolio
IN BRIEF: Smart Metering Systems signs new contracts, buys portfolio
BROKER RATINGS: SocGen starts United Utilities and Pennon with Buy
BROKER RATINGS: SocGen starts United Utilities and Pennon with Buy
Smart Metering Systems secures new domestic contract wins
(Sharecast News) - Smart Metering Systems said on Wednesday that had secured new domestic smart meter contract wins with two of the "fastest-growing i...
IN BRIEF: SimplyBiz Hires Former Smart Metering CFO Thompson As CFO
IN BRIEF: SimplyBiz Hires Former Smart Metering CFO Thompson As CFO
EXECUTIVE CHANGES: Smart Metering Systems CFO To Leave At March-End
EXECUTIVE CHANGES: Smart Metering Systems CFO To Leave At March-End
IN BRIEF: Smart Metering 2020 Profit To Beat Market Expectations
IN BRIEF: Smart Metering 2020 Profit To Beat Market Expectations
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