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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
- UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral
25 Mar 2020 - TRADING UPDATE SUMMARY: Impact Of Covid-19 On London-Listed Companies
24 Mar 2020 - UK BROKER RATINGS SUMMARY: BHP Gets Upgrades From JPMorgan, Deutsche
20 Mar 2020 - DIRECTOR DEALINGS SUMMARY: Smart Metering CEO Spends GBP2.5 Million
19 Mar 2020 - Smart Metering Systems Reports Double-Digit Revenue Growth In 2019
17 Mar 2020 - Smart Metering Systems Sells Some Metering Assets For GBP291 Million
12 Mar 2020 - UK Earnings, Trading Statements Calendar - Next 7 Days
10 Mar 2020 - Smart Metering Systems ends year in line with expectations
31 Jan 2020
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SMS.L News
UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral
UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral
TRADING UPDATE SUMMARY: Impact Of Covid-19 On London-Listed Companies
TRADING UPDATE SUMMARY: Impact Of Covid-19 On London-Listed Companies
UK BROKER RATINGS SUMMARY: BHP Gets Upgrades From JPMorgan, Deutsche
UK BROKER RATINGS SUMMARY: BHP Gets Upgrades From JPMorgan, Deutsche
DIRECTOR DEALINGS SUMMARY: Smart Metering CEO Spends GBP2.5 Million
DIRECTOR DEALINGS SUMMARY: Smart Metering CEO Spends GBP2.5 Million
Smart Metering Systems Reports Double-Digit Revenue Growth In 2019
Smart Metering Systems Reports Double-Digit Revenue Growth In 2019
Smart Metering Systems Sells Some Metering Assets For GBP291 Million
Smart Metering Systems Sells Some Metering Assets For GBP291 Million
UK Earnings, Trading Statements Calendar - Next 7 Days
UK Earnings, Trading Statements Calendar - Next 7 Days
Smart Metering Systems ends year in line with expectations
(Sharecast News) - Energy meter installer and manager Smart Metering Systems updated the market on its trading on Friday, reporting that its financial...
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