Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSMS.L Share News (SMS)

  • There is currently no data for SMS

IN BRIEF: Smart Metering Systems backs outlook on solid performance

Thu, 19th May 2022 15:05

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.

Related News

EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal
26 Mar 2024

EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on this week and Friday and not separ...

Smart Metering offer "unconditional" as shareholders support takeover
22 Mar 2024

Smart Metering offer "unconditional" as shareholders support takeover

(Alliance News) - Smart Metering Systems PLC shareholders have satisfied the acceptance condition for a takeover offer from Kohlberg Kravis Roberts & ...

IN BRIEF: Smart Metering investor group soften KKR bid stance
18 Mar 2024

IN BRIEF: Smart Metering investor group soften KKR bid stance

Smart Metering Systems PLC - Glasgow-based energy management services provider - Shareholders representing just under 18% of the company, including tw...

SMS.L News

UK Dividends Calendar - Next 7 Days
28 May 2020

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

UK DIRECTOR DEALINGS SUMMARY: San Leon Energy CEO Buys 22% Of Company
11 May 2020

UK DIRECTOR DEALINGS SUMMARY: San Leon Energy CEO Buys 22% Of Company

UK DIRECTOR DEALINGS SUMMARY: San Leon Energy CEO Buys 22% Of Company

Director dealings: Smart Metering Systems CEO ups stake
24 Apr 2020

Director dealings: Smart Metering Systems CEO ups stake

(Sharecast News) - Smart Metering Systems revealed on Friday that chief executive Alan Foy had acquired 83,333 ordinary shares in the AIM-listed energ...

UK DIRECTOR DEALINGS SUMMARY: Learning Tech Non-Exec Sells GBP400,000
24 Apr 2020

UK DIRECTOR DEALINGS SUMMARY: Learning Tech Non-Exec Sells GBP400,000

UK DIRECTOR DEALINGS SUMMARY: Learning Tech Non-Exec Sells GBP400,000

Smart Metering Expects 2020 Profit To Be In Line As Names New Chair
23 Apr 2020

Smart Metering Expects 2020 Profit To Be In Line As Names New Chair

Smart Metering Expects 2020 Profit To Be In Line As Names New Chair

UK Dividends Calendar - Next 7 Days
16 Apr 2020

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

UK BROKER RATINGS SUMMARY: Barclays Raises Centrica And Cuts SSE
14 Apr 2020

UK BROKER RATINGS SUMMARY: Barclays Raises Centrica And Cuts SSE

UK BROKER RATINGS SUMMARY: Barclays Raises Centrica And Cuts SSE

DIRECTOR DEALINGS SUMMARY: Greggs CEO And Finance Chief Buy Shares
26 Mar 2020

DIRECTOR DEALINGS SUMMARY: Greggs CEO And Finance Chief Buy Shares

DIRECTOR DEALINGS SUMMARY: Greggs CEO And Finance Chief Buy Shares