12 June 2018
ContourGlobal plc
Trading Update
ContourGlobal plc (the "Company"), international owner and operator of contracted electricity generating plants, today released its 2018 Q1 trading update. A copy of the presentation can be found at https://www.contourglobal.com/reports.
Financial Performance:
· $255m Q1 2018 consolidated revenue, up 16% vs Q1 2017
· $119m Q1 2018 Adjusted EBITDA, up 17% vs Q1 2017
· $251m Q1 2018 CFADS1
· $373m liquidity at parent level2
[1] Cash Flows Available for Corporate Debt Service
[2] Pro forma for 250 MW Spanish CSP acquisition closed on 10 May 2018
|
Years ended March 31, |
Var |
Var % |
In US$ millions |
2017 |
2018 |
|
|
|
|
|
Revenue |
220.0 |
255.1 |
35.1 |
16% |
Gross profit |
56.6 |
64.2 |
7.6 |
13% |
SG&A |
(10.1) |
(12.0) |
(1.9) |
19% |
Adjusted EBITDA |
101.5 |
119.0 |
17.5 |
17% |
Net profit / (loss) before income tax |
(13.0) |
(24.5) |
(11.5) |
88% |
Enquiries:
Investor Relations - ContourGlobal
Alice Heathcote
Tel: +1 646 386 9901
investor.relations@contourglobal.com
Media - Brunswick
Charles Pretzlik/Simon Maine
Tel: +44 (0) 207 404 5959
Contourglobal@brunswickgroup.com