APR Apr Energy

TIDMAPR

RNS Number : 7189G

APR Energy PLC

06 March 2015

6 March 2015

APR Energy plc

Market Update

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, (the "Group") today announces that it will likely take a number of reserves for receivables, due primarily to the previously announced situation in Libya, and therefore expects 2014 Full Year Net Income to be significantly below current market expectations. The Board is conducting an ongoing review of those reserves and will provide a further update to the market as soon as possible.

In addition, the Board is re-evaluating the value of intangible assets and goodwill in the Group Balance Sheet, and it is likely that there will be significant non-cash impairment charges.

As announced on 23 February 2015, the Company remains in discussions with its Banking Syndicate and these discussions are progressing well.

Ends

Enquiries:

APR Energy plc

   Lee Munro                     + 1 904 404 4576 

CNC Communications

   Richard Campbell           +44 (0) 20 3219 8800 / +44 (0) 7775 784 933 
   Richard Gotla                +44 (0) 20 3219 8819 / +44 (0) 7904 122 207 

About APR Energy

APR Energy is the world's leading fast-track mobile turbine power business. We provide large-scale, fast-track power, providing customers with rapid access to reliable electricity when and where they need it. APR combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customisable and scalable. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, the Americas, Asia-Pacific and the Middle East. For more information, visit the Company's website at www.aprenergy.com.

Certain statements included in this announcement constitute, or may constitute, forward-looking statements. Any statement in this announcement that is not a statement of historical fact (including, without limitation, statements regarding the Company's future expectations, operations, financial performance, financial condition and business) is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. Although any such forward-looking statements reflect knowledge and information available at the date of this announcement, reliance should not be placed on them. Without limitation to the foregoing, nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCMMGGFZKFGKZZ

Apr Energy (LSE:APR)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

Apr Energy (LSE:APR)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024