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ContourGlobal PLC — Earnings Release 2018
Jun 12, 2018
9182_rns_2018-06-12_500bcd47-f98a-463e-be8a-6c5ca9257230.html
Earnings Release
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RNS Number : 1734R
ContourGlobal PLC
12 June 2018
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
Media - Brunswick
Charles Pretzlik/Simon Maine
Tel: +44 (0) 207 404 5959
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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