8 February 2019 – contract win and trading update
The integrated metering services company has announced that it has signed an agreement with Co-operative Energy Limited to provide services as an integrated domestic smart meter installer and Meter Asset Provider. This will see the company acting as the preferred supplier to fund and install domestic smart meters on behalf of Co-operative Energy in certain defined geographic areas. Co-operative Energy has around 326,000 meter points within these areas. The company has also noted that results for the year to 31 December 2018 will be in line with current market expectations and these are due to be published in mid-March. We retain our BUY rating.