This morning, SMS reported final results for the period to 31 December 2017 with annualised recurring income up 38% to £57.0m. During 2017 SMS has commenced material rollout of domestic smart meters and installed over 370,000 in the year. Correspondingly capex in the year was up 189% to £122.8m. 2017 was a year of evolution for SMS as it significantly added to existing installation capacity and support functions. SMS is now rapidly deploying capital on meter assets as the smart rollout programme ....
13 Mar 2018
Positioned smartly
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positioned smartly
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
13 Mar 2018 -
Author:
Ian McInally -
Pages:
8
This morning, SMS reported final results for the period to 31 December 2017 with annualised recurring income up 38% to £57.0m. During 2017 SMS has commenced material rollout of domestic smart meters and installed over 370,000 in the year. Correspondingly capex in the year was up 189% to £122.8m. 2017 was a year of evolution for SMS as it significantly added to existing installation capacity and support functions. SMS is now rapidly deploying capital on meter assets as the smart rollout programme ....