This morning, SMS released a trading update for H1/19, confirming that revenue for the period is in line with the Board's expectations and ARR is up strongly to £85.9m, an increase of 14.1% since 31 December 2018. Our current forecast at FY19 is £86.6m, requiring a net increase of just £0.7m during H2/19. SMS recently secured framework agreements with BG and Opus Energy to install smart meters across their I&C customer base. Smart meters installed increased by 156,000 to over 1m and brought tota ....
31 Jul 2019
Cenkos: Smart Metering Systems Plc - H1/19 Trading update
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Cenkos: Smart Metering Systems Plc - H1/19 Trading update
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
31 Jul 2019 -
Author:
Ian McInally -
Pages:
8
This morning, SMS released a trading update for H1/19, confirming that revenue for the period is in line with the Board's expectations and ARR is up strongly to £85.9m, an increase of 14.1% since 31 December 2018. Our current forecast at FY19 is £86.6m, requiring a net increase of just £0.7m during H2/19. SMS recently secured framework agreements with BG and Opus Energy to install smart meters across their I&C customer base. Smart meters installed increased by 156,000 to over 1m and brought tota ....