Smart Metering Systems (SMS) has completed the sale of a minority of I&C meter assets to Equitix for a cash consideration of £291m (16.5x EBITDA). With engineering flexibility and robust index linked recurring revenue from meter rental and data services being completely uninterrupted by the current lockdown environment (£75.8m as at 1 April 2020) SMS has stated that underlying profitability is currently expected to be in line with the Board's earlier expectations. Essential emergency field engin ....
23 Apr 2020
Cenkos: Smart Metering Systems Plc -- Timing (and cash) is everything
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Cenkos: Smart Metering Systems Plc -- Timing (and cash) is everything
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
23 Apr 2020 -
Author:
Ian McInally -
Pages:
4
Smart Metering Systems (SMS) has completed the sale of a minority of I&C meter assets to Equitix for a cash consideration of £291m (16.5x EBITDA). With engineering flexibility and robust index linked recurring revenue from meter rental and data services being completely uninterrupted by the current lockdown environment (£75.8m as at 1 April 2020) SMS has stated that underlying profitability is currently expected to be in line with the Board's earlier expectations. Essential emergency field engin ....