Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAPR.L Regulatory News (APR)

  • There is currently no data for APR

Trading Statement

24 Jul 2012 07:00

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
 
 
TSTUOVNRUKABUAR
Date   Source Headline
16th Dec 20154:36 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
15th Dec 20154:17 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
15th Dec 201512:18 pmBUSFORM 8.5 (EPT/NON-RI) - APR ENERGY PLC
14th Dec 20154:35 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
14th Dec 201511:57 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
11th Dec 20154:55 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
11th Dec 201512:04 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
10th Dec 20155:25 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
10th Dec 201511:44 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
9th Dec 20153:03 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
9th Dec 201510:03 amBUSFORM 8.5 (EPT/NON-RI) - APR ENERGY PLC
9th Dec 20157:00 amRNSAPR Signs Contract Extensions in Iraq, Angola
8th Dec 20154:51 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
7th Dec 20154:26 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
7th Dec 201511:54 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
4th Dec 20154:45 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
4th Dec 20152:34 pmBUSForm 8.5 - APR ENERGY PLC
3rd Dec 201511:25 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
2nd Dec 20154:40 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
2nd Dec 201511:25 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
1st Dec 20154:52 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT
1st Dec 201511:56 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
1st Dec 20158:29 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
30th Nov 20154:48 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
30th Nov 201511:48 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
27th Nov 20156:04 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
27th Nov 20152:52 pmRNSForm 8.5 (EPT/RI) - APR Energy Plc
27th Nov 201511:45 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
25th Nov 20158:29 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
24th Nov 20154:16 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
24th Nov 201511:50 amBUSFORM 8.5 (EPT/NON-RI) - APR ENERGY
23rd Nov 20154:30 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
23rd Nov 201511:49 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
23rd Nov 20157:01 amRNSRule 2.11 Announcement
23rd Nov 20157:00 amRNSOffer Document Posted
20th Nov 20154:09 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
20th Nov 201511:38 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
19th Nov 20154:54 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
19th Nov 201511:47 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
18th Nov 201512:10 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
17th Nov 201511:44 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
17th Nov 20157:00 amRNSAPR Signs Extension of 102MW Myanmar Project
16th Nov 20154:48 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
16th Nov 201511:40 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
13th Nov 20154:43 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
12th Nov 20154:34 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
12th Nov 20151:43 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT
12th Nov 201511:42 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
11th Nov 20154:19 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
11th Nov 201511:56 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.