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.


(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...


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


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


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


(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


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


UK BROKER RATINGS SUMMARY: Barclays Raises Centrica And Cuts SSE


DIRECTOR DEALINGS SUMMARY: Greggs CEO And Finance Chief Buy Shares