Smart metering ...Smart people ...Smart approach.

With over 15 years experience operating at the heart of the gas industry, Smart Metering Systems provides the UK’s leading gas suppliers and large corporate customers with a comprehensive package of solutions encompassing all aspects of the gas connections and smart metering markets through its subsidiary companies:
•UK Gas Connection
•UK Meter Assets
•UK Data Management

Smart Metering Systems services include:
•Installation, disconnection or relocation of gas infrastructure
•Installation of domestic, commercial or industrial gas metering equipment
•Third party meter asset management utilising "Rainbow" compliant systems and either the IX or DTN exchanges
•Prepayment meter solutions
•Purchase of existing meter portfolios
•Smart Metering solutions
•Comprehensive gas use analysis through a dedicated web interface

With a company ethos based on offering its clients the highest standards of customer care and a track record of investing in both technology and talented people, Smart Metering Systems works hard to maintain a reputation for delivering the high quality of service that its client’s demand.

http://www.sms-plc.com/Company/About-Us

Final Results for year ended 31 December 2017
RNS
RNS Number : 4902H
Smart Metering Systems PLC
12 March 2018

Smart Metering Systems plc
("SMS" or "the Company" or "the Group")

Final results for the year ended 31 December 2017
Smart Metering Systems plc (AIM: SMS.L) is pleased to announce its final results for the 12 months to 31 December 2017, which show continued growth across all business areas.
Financial highlights
· Revenue increased by 18% to £79.6m (2016: £67.2m)
· Total annualised recurring revenue1 increased by 38% to £57.0m (2016: £41.3m)
o Gas: meter recurring revenue increased by 15% to £36.1m (2016: £31.5m) and data recurring revenue increased by 15% to £3.0m (2016: £2.6m)
o Electricity: meter recurring revenue increased by 283% to £11.2m (2016: £2.9m) and data recurring revenue grew 56% to £6.7m (2016: £4.3m)
· Gross profit increased by 9% to £40.4m (2016: £36.9m)
· Gross profit margin decreased by 4% to 51% (2016: 55%)
· EBITDA increased by 19% to £38.8m (2016: £32.5m)
· EBITDA margin increased by 1% at 49% (2016: 48%)
· PBT decreased by 2% to £18.0m (2016: £18.2m)
· Earnings per share decreased to 16.17p (2016: 17.33p)
· *Pre-exceptional EBITDA2 increased by 22% to £40.3m (restated 2016: £33.0m)
· *Underlying PBT2,3 increased by 7% to £22.2m (restated 2016: £20.7m)
· *Underlying earnings per share4 increased to 19.93p (restated 2016: 19.66p)
· Final dividend of 3.46p per ordinary share totalling 5.20p for the full year (2016: 4.10p), an increase of 27%
· Net debt at 31 December 2017 was £36.5m (2016: £94.2m), with access to cash and undrawn facilities of £243.5m (2016: £55.8m)
* In 2017 the Board has taken the decision to change the presentation of the underlying performance measures to now include other operating income. The Board believe this income is an integral feature of the replacement of meters, particularly prevalent during the current smart domestic rollout and will occur with greater regularity on an ongoing basis. All prior year underlying results have been restated in accordance with this new approach.
1 Recurring revenue refers to revenue generated by meter rental and data contracts. Annualised recurring revenue refers to the revenue being generated at a point in time.
2 Pre-exceptional EBITDA and underlying PBT figures are presented under our revised approach to include other operating income.
3 Underlying PBT is before exceptional items and intangible amortisation.
4 Underlying earnings per share is profit after taxation but before exceptional items and intangible amortisation, divided by the weighted average number of ordinary shares in issue.

Operational highlights
· Total gas and electricity metering and data assets increased by 780,000 to just over 2.03 million under management at 31 December 2017 (2016: 1.25 million)
o Total gas meter portfolio, including 3rd party management assets, increased by 45% to 1,273,000 (2016: 881,000), with industrial and commercial (I&C) meters increasing by 14% to 163,000 (2016: 143,000). Gas data portfolio increased by 17% to 126,000 (2016: 108,000)
o Total electricity meter portfolio increased by 301% to 309,000 (2016: 77,000). Electricity data portfolio increased by 74% to 323,000 (2016: 186,000)
· ADM™ installations up 13% to 103,000 units at 31 December 2017 (2016: 91,000)
· Capital expenditure on revenue generating assets was £122.8m (2016: £42.5m)

Alan Foy, Chief Executive Officer, commented:
"2017 has been a year of investment in our business - building capacity to grow and deliver for our customers, particularly in the domestic smart meter rollout.
We enter 2018 with a solid financial platform and are well positioned to continue making progress in our core markets."

15:25 08/06/2018
Director Deals - Smart Metering Systems (SMS)
David Thompson, Executive Director, bought 1,335 shares in the company on the 8th June 2018 at a price of 750.01p. The Director now holds 1,335 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk

Interim results

New Smart Meter Contract Win - Octopus Energy
RNS
RNS Number : 3200N
Smart Metering Systems PLC
17 January 2019




This announcement contains inside information

Smart Metering Systems plc

("SMS" or "the Company")

New Domestic smart meter contract win - Octopus Energy Limited

Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects (installs), owns, operates and maintains UK metering assets, is pleased to announce that it has signed a meter rental agreement with Octopus Energy Limited ("Octopus Energy") to supply a minimum of 200,000 new SMETS2 meters.

This forms part of the UK Government programme, overseen by the Department of Business, Energy and Industrial Strategy (BEIS), requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.

SMETS 2 meters are the next generation of smart meters and will deliver a wide range of improvements, including: interoperability - these devices enable seamless switching between energy suppliers by connecting with the Data Communications Company (DCC); maintain and extend the highest standard of security for householder data and will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK.

Alan Foy, Chief Executive Officer, commented:
"We are delighted to be working with Octopus Energy, a supplier of 100% green electricity. Octopus Energy is backed by the Octopus Group, which is a large investor in renewable generation internationally and the United Kingdom's largest investor in solar power. SMS, like Octopus Energy, are committed to leading the smart energy revolution and SMS looks forward to bringing the benefits of smart meters to Octopus Energy's customers".

Stuart Jackson, Chief Financial Officer of Octopus Energy, said:
"The size of this partnership is a result of Octopus Energy's tremendous growth and ambition. Our success is driven by our unique technology and commitment to customer service, as demonstrated by Octopus being the only energy supplier recommended by Which?