APR revenues hold steady
25 October 2012
Power rental company APR Energy has posted revenues of US$54 million for the third quarter of 2012, slightly down on 2011 figures, which saw Q3 revenues of US$57 million.
The quarter was bolstered by new contract wins of 25 MW and contract extensions of 233 MW. This takes the year-to-date contract wins for APR to 369 MW and contract extensions to 589 MW up to September 30 2012.
Total fleet capacity at the end of Q3 2012 was 1250 MW with an order backlog of over 8650 MW-Months - an increase of 34% in the order book compared with the end of 2011.
In October, APR welcomed Brian Rich as head of worldwide sales. The quarter also saw APR open its Malaysia hub, which will support its growth in Asia.
Looking ahead, APR stated it continues to see significant demand from Africa, Latin America, Middle East and South East Asia.