In a trading update this morning, SMS confirmed it is trading in line with Board expectations, with ILARR at end H1/21 up 9.3% from £77.0m at FY20. Meter installation activity has recovered strongly post COVID restrictions and strong progress continues to be made with grid-scale battery projects. The combined current metering and battery pipelines alone, providing good visibility, are forecast to add a further £70m EBITDA upon completion, an increase of over 140% versus the £49.9m at FY20. SMS h ....
28 Jul 2021
Cenkos: Smart Metering Systems -- In-line trading with strong run-rate recovery
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Cenkos: Smart Metering Systems -- In-line trading with strong run-rate recovery
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
28 Jul 2021 -
Author:
Ian McInally -
Pages:
5
In a trading update this morning, SMS confirmed it is trading in line with Board expectations, with ILARR at end H1/21 up 9.3% from £77.0m at FY20. Meter installation activity has recovered strongly post COVID restrictions and strong progress continues to be made with grid-scale battery projects. The combined current metering and battery pipelines alone, providing good visibility, are forecast to add a further £70m EBITDA upon completion, an increase of over 140% versus the £49.9m at FY20. SMS h ....