APR Energy PLC Trading Statement (3104I)
24 Luglio 2012 - 8:00AM
UK Regulatory
TIDMAPR
RNS Number : 3104I
APR Energy PLC
24 July 2012
For Immediate Release 24 July 2012
APR Energy plc ("the Company")
Half Year Trading Update
-- Revenue growth of 162% over 1H 2011
-- 344 MW new contracts and 356 MW extensions delivered
-- Successful opening of Panama and Dubai Hubs
-- Malaysian Hub on schedule for Q3
APR Energy plc (LSE:APR), a global leader in temporary power
solutions, today issues a trading update for the first half of
fiscal year 2012. Interim Results for the six months will be
announced on 30 August 2012.
TRADING
Group revenues totalled $155 million for the six month period
ending 30 June 2012, up 162% over the prior year on a pro-forma
basis. As previously announced during that period the Company
achieved new contract wins of 344MW with 356MW of contract
extensions.
As at 30 June 2012, total fleet capacity was 1052 MW (December
2011: 900 MW) with order backlog of over 9,000 MW-Months - an
increase of 39% from the end of Q1 2012 and an increase of 41% from
the end of 2011.
APR Energy has continued to make progress in all areas during
2012. During the first half adjusted EBITDA margins have been
strong and in line with historical levels.
FINANCIAL POSITION
The Company maintains a strong balance sheet with gross debt of
$104m and cash on the balance sheet of $34m resulting in net debt
as of 30 June 2012 of $70m.
OPERATIONS
The successful execution of the Hub strategy during 2012 is an
important foundation for the further development of the Company.
The opening of the Dubai hub in Q1 has been instrumental in
facilitating important contract wins of over 200MW in a
strategically important region. We plan to open our third hub in
Malaysia during the third quarter.
The accelerated installation and operation of the 120MW power
facility in Cyprus in June is another notable success for the
Company. Using our latest enhancements in plant design, deployment
and logistics, we were able to have the plant operational within 20
days of equipment arrival - ahead of the contracted schedule.
OUTLOOK
We continue to see significant structural demand for power
solutions especially in Africa, Latin America, Middle East and
South East Asia. The commercial pipeline remains robust with
significant opportunities in new contract wins and existing
contract extensions. As such, the Company expects to deliver on
these contract opportunities in the second half of 2012, while
delivering improved operating efficiencies. APR Energy remains
confident in the robust medium and long-term trends of structural
growth within the temporary power market.
FORTHCOMING ANNOUCEMENTS
Interim Results 30 August 2012
Interim Management Statement 25 October 2012
CONFERENCE CALL
There will be a conference call investors and analysts at
08.30hrs British Summer Time today.
Dial-in details:
Conference Name: APR Energy Trading Update
Telephone +44 (0) 203 003 2666
Once the call is finished, it will be available on our website,
www.aprenergy.com, and a replay will be available for 14 days:
Replay telephone +44 (0) 20 8196 1998 (from within the UK).
Access Pin: 1355425
Enquiries:
APR Energy +44 (0) 20 3427 3747
Brian Gallagher +44 (0) 7775 906 076
Citigate Dewe Rogerson Consultancy + 44 (0) 20 7638 9571
Anthony Carlisle + 44 (0) 7973 611 888
Lydia-Claire Halliday + 44 (0) 7866 617 671
Notes for Editors
APR Energy specialises in the sale of reliable and efficient
electricity through the rapid deployment of Customised Turnkey
Power Solutions globally. APR's power generation solutions, coupled
with comprehensive operation and maintenance services and flexible
commercial terms, have established APR as a leader in the utility
and industrial segments. APR Energy provides power generation
solutions to customers and communities around the world, with an
emphasis in Africa, South America, Central America, the Middle East
and Asia. In addition to its business of providing these
world-class power solutions, APR Energy also implements
philanthropic projects at each plant location through its Community
Development Programme, which aims to build and maintain close
relationships with its neighbours through projects and donations in
health and education.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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