SMS has reported interim results for the period to June 2018 showing a significant increase of 43% in annualised recurring revenue (ARR) to £69.3m. Investment in meter assets, particularly domestic smart meters, increased in the period to a record £78.3m, up 60% (H1/17: £48.9m) and growing the portfolio of assets managed to 2.5m, up 24% since FY17 and 50% since H1/17. The core strategy of SMS remains to build its meter asset portfolio on which it earns long term, index linked ARR. ARR had reache ....
18 Sep 2018
Cenkos: Smart Metering Systems Plc - Interim results
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Cenkos: Smart Metering Systems Plc - Interim results
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
18 Sep 2018 -
Author:
Ian McInally -
Pages:
12
SMS has reported interim results for the period to June 2018 showing a significant increase of 43% in annualised recurring revenue (ARR) to £69.3m. Investment in meter assets, particularly domestic smart meters, increased in the period to a record £78.3m, up 60% (H1/17: £48.9m) and growing the portfolio of assets managed to 2.5m, up 24% since FY17 and 50% since H1/17. The core strategy of SMS remains to build its meter asset portfolio on which it earns long term, index linked ARR. ARR had reache ....