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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 Signals Promising First-Half Results
30 Jul 2020 - Smart Metering Systems H1 revenues bolstered by 'resilient' business model
30 Jul 2020 - UK Earnings, Trading Statements Calendar - Next 7 Days
23 Jul 2020 - Smart Metering To Return Government Furlough Funds As Business Resumes
1 Jul 2020 - Smart Metering To Up Dividends; Says Profit In Line With Expectations
23 Jun 2020 - Smart Metering Systems trades in line despite Covid-19 impact
23 Jun 2020 - Smart Metering gearing up to resume non-essential work
29 May 2020 - Smart Metering Systems To Resume Non-Essential Work From June 1
29 May 2020
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SMS.L News
IN BRIEF: Smart Metering Systems Signals Promising First-Half Results
IN BRIEF: Smart Metering Systems Signals Promising First-Half Results
Smart Metering Systems H1 revenues bolstered by 'resilient' business model
(Sharecast News) - Energy management devices group Smart Metering Systems said on Thursday that interim revenues and underlying earnings were in line ...
UK Earnings, Trading Statements Calendar - Next 7 Days
UK Earnings, Trading Statements Calendar - Next 7 Days
Smart Metering To Return Government Furlough Funds As Business Resumes
Smart Metering To Return Government Furlough Funds As Business Resumes
Smart Metering To Up Dividends; Says Profit In Line With Expectations
Smart Metering To Up Dividends; Says Profit In Line With Expectations
Smart Metering Systems trades in line despite Covid-19 impact
(Sharecast News) - Energy management firm Smart Metering Systems said on Tuesday that full-year underlying profits were expected to be in line with ea...
Smart Metering gearing up to resume non-essential work
(Sharecast News) - Smart meter and carbon reduction asset installer and manager Smart Metering Systems announced its plans for a "phased and progressi...
Smart Metering Systems To Resume Non-Essential Work From June 1
Smart Metering Systems To Resume Non-Essential Work From June 1
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