16/09/2015

SMS Plc has recorded another six months of strong trading, marked by further milestones for the company including an acquisition and a significant contract win.

 

"We are delighted that our integrated business service model and core strategy of growing our meter asset base and data services with an emphasis on recurring income, has resulted in further financial and operational growth over the first six months of the year.

SMS is continuing to install gas and electricity meter assets generating additional recurring income from our contracts in the industrial and commercial markets. Following the UPL acquisition, we are already seeing the benefits of cross-selling our suite of metering, data management, utility connection and energy management services across both gas and electricity markets.

We are well positioned to participate in the UK's upcoming domestic smart meter exchange programme which, we believe, will provide similar asset ownership and recurring income opportunities".

Alan Foy Chief Executive Officer

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