Expro’s first quarter revenue is expected to grow between 15% and 17% year-on-year over the first quarter of the last financial year (quarter to June 30, 2012: $284.6 million). Adjusted EBITDA* growth guidance is between 22% and 24% over the first quarter of last financial year (quarter to June 30, 2012: $66.8 million).
This guidance is preliminary and subject to change. Expro accepts no obligation to update any such guidance.
This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Notes to Editors:
* Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortisation and other similar non-cash items, together with other items that either distort the underlying trends of the business or are not considered by management to form part of the core operations of the Group.
Expro's mission is well flow management. We provide services and products that measure, improve, control and process flow from high-value oil and gas wells, from exploration and appraisal through to mature field production optimisation and enhancement.
Our vision is to be the market leader in well flow management, using the industry's best people, to deliver the highest standards of safety, quality and personalised customer service.
We provide a range of solutions across six areas of capability:
Expro's 40 years of experience and innovative technology empowers the company to offer tailor-made solutions for its customers across the energy sector. With 5,000 employees across 50 countries, Expro offers a truly global service solution.
Expro – Russell James
+44 (0) 118 952 8351
Fifth Ring – Hannah Blewett
+44 (0) 1224 628 088