Bglobal expects to report higher full-year losses with revenues below forecasts due to the slower than anticipated roll-out of a number of significant orders. However, the energy meter provider said it has a strong order book and is confident of an imminent increase in the uptake of orders for meters following recent news that the government has mandated smart meters for ‘medium size customers’. As a result, Bglobal believes that the rate of installations on contracts already signed will improve markedly during the next financial year. “The board continues to believe that the fundamental market drivers for the introduction of smart meters are strong and given the strength of the pipeline of contracted revenues and opportunities for 2008, the board is approaching the next financial year with confidence,” said the group.