12th Jun 2018 17:04
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
Related Shares:
GLO.L