Smart Metering Systems reports rise in recurring revenue
18th Jan 2024 13:03
(Sharecast News) - Smart Metering Systems reported in a trading update on Thursday that its total meter and data assets index-linked annualised recurring revenue (ILARR) was £113.4m at the end of 2023, including an annual retail price index (RPI) adjustment.
Read moreSmart Metering shareholder PrimeStone, founders to reject KKR deal
21st Dec 2023 08:34
(Sharecast News) - Smart Metering Systems fell on Thursday after shareholder PrimeStone and the company's founders, Alan Foy and Steve Timoney, said they plan to oppose its £1.3bn acquisition by US private equity firm KKR.
Read moreKKR to buy Smart Metering Systems in £1.3n deal
7th Dec 2023 08:14
(Sharecast News) - Smart Metering Systems said on Thursday that it has agreed to be bought by US private equity firm KKR for about £1.3bn.
Read moreSmart Metering Systems pleased with first half operations
12th Sep 2023 10:59
(Sharecast News) - Smart Metering Systems reported a robust performance for its first half on Tuesday, with its index-linked annual recurring revenue (ILARR) standing at £110m on 30 June 2023, making for a 13% rise from 31 December, and 18% from the same point last year.
Read moreSmart Metering Systems reports strong growth in key areas
25th Jul 2023 10:46
(Sharecast News) - Energy infrastructure company Smart Metering Systems reported strong growth in key areas in a first-half trading update on Tuesday.
Read moreDirector dealings
16th Jun 2023 12:26
(Sharecast News) - Smart Metering Systems was on the list of director buys on Friday, after one of its board members spent almost £20k on shares.
Read moreSmart Metering Systems describes 'strong' full-year performance
14th Mar 2023 14:08
(Sharecast News) - Smart Metering Systems (SMS), a company that installs and manages smart meters, energy data, grid-scale battery storage, and other carbon reduction (CaRe) assets, reported a strong full-year performance on Tuesday, with revenue up 25% to £135.5m.
Read moreSmart Metering Systems reports 'strong' first half
13th Sep 2022 11:26
(Sharecast News) - Smart Metering Systems reported a "strong" first half performance on Tuesday, with index-linked annualised recurring revenue rising 8% over the end of 2021 to £93.1m, which was also ahead 11% year-on-year.
Read moreSmart Metering lifts full-year earnings expectations
27th Jul 2022 14:21
(Sharecast News) - Smart Metering Systems said in a trading update on Wednesday that its index-linked annualised recurring revenue had grown 8% over the six months to 30 June, to £93.1m, as it lifted its full-year earnings expectations.
Read moreSmart Metering Systems makes two 'strategic' investments
21st Jun 2022 12:00
(Sharecast News) - Smart Metering Systems announced two strategic investments on Tuesday, in a bid to accelerate its capabilities in electric vehicle (EV) charging assets, and further expand its offering in energy data management.
Read moreSmart Metering maintains forecast after strong recent trading
19th May 2022 12:23
(Sharecast News) - Smart Metering Systems reported a strong recent performance in a trading update on Thursday, with index-linked annualised recurring revenue (ILARR) growing to £91.4m as at 30 April from £85.9m on 31 December.
Read moreSmart Metering declares third interim dividend for 2021
24th Mar 2022 11:19
(Sharecast News) - Smart Metering Systems declared a third interim cash dividend for the 2021 financial year on Thursday, of 6.875p per share.
Read moreDirector dealings: Two Pru directors invest, Smart Metering chair saves holding
16th Mar 2022 15:12
(Sharecast News) - Prudential disclosed two purchases made by non-executive directors on Wednesday, landing itself on the list of director buys.
Read moreSmart Metering Systems hikes dividend after strong 2021
15th Mar 2022 09:45
(Sharecast News) - Smart Metering Systems reported a "strong" 2021 result on Tuesday, with its index-linked annualised recurring revenue (ILARR) up 12% year-on-year as at 31 December, at £85.9m.
Read moreSmart Metering Systems extends exclusivity agreement with Shell Energy Retail
17th Dec 2021 09:02
(Sharecast News) - Energy infrastructure company Smart Metering Systems has extended its exclusivity agreement with Shell Energy Retail for the installation and funding of smart meters until December 2025.
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