SMS reported FY18 results this morning with annualised recurring revenue (ARR) up 32% to £75.3m with underlying EBITDA and PBT slightly ahead of our forecasts. Smart meters installed increased to 846,000 following capex spending of £128.2m, increasing to 932,000 as of 1 April 2019, with ARR of £80.0m. Exceptional items of £17.1m reflect the decision to accelerate the write down of the carrying value of domestic traditional meters and a change in accounting estimate for how the traditional meter ....
04 Apr 2019
Cenkos: Smart Metering Systems Plc - Final results update
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Cenkos: Smart Metering Systems Plc - Final results update
Smart Metering Systems PLC (SMS:LON) | 952 9.5 0.1% | Mkt Cap: 1,273m
- Published:
04 Apr 2019 -
Author:
Ian McInally -
Pages:
15
SMS reported FY18 results this morning with annualised recurring revenue (ARR) up 32% to £75.3m with underlying EBITDA and PBT slightly ahead of our forecasts. Smart meters installed increased to 846,000 following capex spending of £128.2m, increasing to 932,000 as of 1 April 2019, with ARR of £80.0m. Exceptional items of £17.1m reflect the decision to accelerate the write down of the carrying value of domestic traditional meters and a change in accounting estimate for how the traditional meter ....