Calisen PLC continues to grow market share faster than expected

(), the smart meter installation specialist, said it has been awarded preferred bidder status on a further 1.3mln smart meters.

The company, which floated in London earlier this year, said the estimated smart meter pipeline now stands at 7.5mln meters; Calisen had 5.7mln revenue generating smart meters in its portfolio at the end of September, up from 5.5mln at the end of June. The company also had 3.1mln traditional meters in its portfolio at the end of September, down from 3.2mln at the end of June.

“I am pleased to report that our expected smart meter pipeline has increased by over one million meters. This brings our projected portfolio at the end of the roll-out to 13.2 million meters, compared to the 11.9 million meters reported in August,” said Bert Pijls, the chief executive officer of Calisen.

“We continue to grow our market share beyond our expectations,”£ he added.

Shares in Calisen were up 1.1{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} at 171.1p.