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Newcomer Calisen faces Covid-19 disruption

Newcomer Calisen faces Covid-19 disruption

Smart meter provider Calisen (CLSN) listed on the main market in February at 240p, sneaking in ahead of the Covid-19 pandemonium to secure a £1.3bn valuation. It made progress across 2019, with adjusted cash profits rising by a tenth to £189m. This came as the number of revenue-generating smart meters surged by around a third to 5.2m. Yet high finance costs kept it in a statutory pre-tax lossmaking position. 

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