RTC has announced a material contract win with SSE Plc. It has been awarded a 3yr contract to source, train and provide at least 250 ‘Dual Fuel’ installers for the roll-out of SSE’s smart metering programme. The revenues will be £28m for the period November 2017 to December 2020. As a result, we have upgraded our 2018 and 2019 PBT forecasts by 13% and 11% to £1.8m and £2.1m and increased our price target from 85p to 95p. The contract significantly derisks t
26 Jul 2017
Material contract win – PBT upgrades
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Material contract win – PBT upgrades
RTC Group plc (RTC:LON) | 0 0 0.0% | Mkt Cap: 9.89m
- Published:
26 Jul 2017 -
Author:
Andy Smith -
Pages:
5
RTC has announced a material contract win with SSE Plc. It has been awarded a 3yr contract to source, train and provide at least 250 ‘Dual Fuel’ installers for the roll-out of SSE’s smart metering programme. The revenues will be £28m for the period November 2017 to December 2020. As a result, we have upgraded our 2018 and 2019 PBT forecasts by 13% and 11% to £1.8m and £2.1m and increased our price target from 85p to 95p. The contract significantly derisks t