Smart Metering Systems (SMS) has provided a trading update stating that its FY19 financial performance is in line with market expectations. The smart meter portfolio grew 44% to 1.215m by end 2019, with the total portfolio of meter and data assets owned and under management reaching 3.7m, an increase of 18%. Annualised recurring revenue (index linked) increased 20% to £90.1m of which £38m comes from smart meters, £21.2m from the I&C meter portfolio and £18.6m from traditional domestic meter asse ....
31 Jan 2020
Cenkos: Smart Metering Systems Plc -- Trading update
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Cenkos: Smart Metering Systems Plc -- Trading update
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
31 Jan 2020 -
Author:
Ian McInally -
Pages:
7
Smart Metering Systems (SMS) has provided a trading update stating that its FY19 financial performance is in line with market expectations. The smart meter portfolio grew 44% to 1.215m by end 2019, with the total portfolio of meter and data assets owned and under management reaching 3.7m, an increase of 18%. Annualised recurring revenue (index linked) increased 20% to £90.1m of which £38m comes from smart meters, £21.2m from the I&C meter portfolio and £18.6m from traditional domestic meter asse ....