Financial Information

Air Energi Group Ltd is pleased to announce its provisional consolidated group results for the year ended 31st December 2011.

2011 Financial highlights

- Projected Turnover £208m (2010: £155.7m) up 33%

- Projected Gross Profit £25.2m (2010: £19.2m) up 31%

- Projected EBITDA £8.0m (2010: £6.1m) up 31%

Operating highlights  

- Major contract awards from Shell, Oilsearch and Nexen
- New offices opened in Moscow, New Orleans, Den Hague and Basra

Commenting on the results, Ian Langley, Chairman of Air Energi said:
“The executive management team and staff at Air Energi continue to deliver on their promises to shareholders, clients and to the technical consultants assigned into major projects” “Our continued focus on our business strategy, combined with our desire to be regarded as THE provider of ‘Trusted Expertise’, has delivered a pleasing financial result for 2011” he added “Macro market supply and demand fundamentals and our high Q4/2011 billings, point to continued growth for 2012 and well beyond”