SMS released an AGM update this morning confirming that it is currently trading in line with the Board's expectations, with solid growth in index linked annualised recurring revenues (ILARR) to £91.4m, continued strengthening in the meter installation run-rate (with further improvement expected throughout the year), strong performance of the first 50MW of batteries and further expansion of the grid-scale battery pipeline to 710MW. The balance sheet remains strong with £63.3m cash and £420m undra ....
19 May 2022
Cenkos: Smart Metering Systems Plc - Continued strong momentum
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Cenkos: Smart Metering Systems Plc - Continued strong momentum
Smart Metering Systems PLC (SMS:LON) | 952 19 0.2% | Mkt Cap: 1,273m
- Published:
19 May 2022 -
Author:
Ian McInally -
Pages:
8
SMS released an AGM update this morning confirming that it is currently trading in line with the Board's expectations, with solid growth in index linked annualised recurring revenues (ILARR) to £91.4m, continued strengthening in the meter installation run-rate (with further improvement expected throughout the year), strong performance of the first 50MW of batteries and further expansion of the grid-scale battery pipeline to 710MW. The balance sheet remains strong with £63.3m cash and £420m undra ....