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
13th Oct 20155:09 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT
13th Oct 201511:43 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
13th Oct 20159:03 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
12th Oct 20153:48 pmRNSForm 8 (OPD) (APR Energy PLC)
12th Oct 20152:16 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT
12th Oct 201511:13 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
9th Oct 20154:28 pmRNSForm 8.3 - APR Energy PLC
9th Oct 201512:22 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
8th Oct 20155:21 pmBUSForm 8.5 (EPT/NON-RI) Amendment - APR ENERGY PLC
8th Oct 20154:55 pmRNSForm 8.3 - [APR Energy PLC]
8th Oct 20154:49 pmRNSForm 8.3 - APR Energy plc
8th Oct 20154:49 pmRNSForm 8.3 - APR Energy PLC
8th Oct 201512:16 pmRNSForm 8.3 - APR Energy PLC
8th Oct 201511:39 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
8th Oct 20158:45 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
7th Oct 20155:11 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
7th Oct 201511:49 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
7th Oct 20159:50 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
6th Oct 20153:57 pmRNSAPR Energy Analyst & Investor Call Information
6th Oct 20151:36 pmRNSForm 8.3 - [APR Energy Plc]
6th Oct 201511:51 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
6th Oct 20159:15 amRNSForm 8.5 (EPT/RI) - APR Energy Plc
6th Oct 20157:00 amRNSForm 8.3 - APR Energy PLC
6th Oct 20157:00 amRNSForm 8 (OPD) APR Energy PLC
6th Oct 20157:00 amRNSForm 8.3 - APR ENERGY PLC ORD 10P
5th Oct 20154:21 pmRNSAPR Energy Analyst and Investor Conference Call
5th Oct 201510:33 amRNSStatement re Possible Offer
30th Sep 20158:51 amRNSAPR Energy Banking Update
29th Sep 20157:01 amRNSHolding(s) in Company
18th Sep 20157:00 amRNSHolding(s) in Company
18th Sep 20157:00 amRNSBotswana and Senegal Update
17th Sep 20157:00 amRNSHolding(s) in Company
11th Sep 20157:00 amRNSUpdate on Libya
7th Sep 20157:00 amRNSAPR 250MW Uruguay Extension Gains Final Signature
26th Aug 20157:00 amRNSResults for the half-year ended 30 June 2015
21st Aug 20157:00 amRNSMarket Update
12th Aug 20157:00 amRNSUpdate on Yemen and Libya
11th Aug 20157:30 amRNSHolding(s) in Company
23rd Jul 20152:01 pmRNSHolding(s) in Company
15th Jul 20157:00 amRNSSix-Month Contract Extension for Guatemala Project
9th Jul 20157:00 amRNS108MW extension and expansion of contracts
2nd Jul 20157:00 amRNSNew Contract
1st Jul 20157:00 amRNSAPR Agrees Terms on 300MW Uruguay Project Award
16th Jun 20157:00 amRNSTrading Statement
16th Jun 20157:00 amRNSManagement Change
2nd Jun 20157:30 amRNSHolding(s) in Company
27th May 20157:00 amRNSNew Contract
13th May 20154:13 pmRNSResult of AGM
7th May 20157:00 amRNSAnalyst and Investor Visit
21st Apr 20153:32 pmRNSAnnual Report and Notice of Annual General Meeting

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.