Energy Assets says outlook remains “positive”

Gas meter specialist Energy Assets today said the outlook for the coming year “remains positive” after it more than doubled the number of smart meters in use among its customers.

The Livingston-based firm said the number of gas meters that collect data on behalf of its customers stood at about 52,500 at the end of March, up from 21,000 a year earlier.

In a trading update ahead of its annual results, chief executive Phil Bellamy-Lee said the company had enjoyed “strong” trading across all areas of its business.

He added: “Our primary strategy continues to be the expansion of our market share within the UK industrial and commercial sector and retention of our position as the leading independent meter asset manager.

“This position remains secure and has been further cemented through our performance in this financial year, with the outlook for 2013-14 remaining positive.”

Energy Assets is due to release its full-year results on 11 June.