APR powering to a 65pc sales surge as market booms

APR Energy – the temporary power company backed by entrepreneur Hugh Osmond ­– yesterday forecast a 65 per cent surge in sales growth for the full year.

The firm, which is expanding in emerging markets, said it anticipates sales of $93m (£60.4m) for the fourth quarter.

Demand for services provided by companies such as rival Aggreko and APR has been buoyed by rising power demand in developing countries. Those countries often do not have the time or money to build permanent supply facilities.

APR Energy shares were listed in London last September after the company was acquired by Horizon Acquisition, a vehicle of Pizza Express and Punch Taverns co-founder Hugh Osmond.

APR chief executive John Campion said: “The company enters 2012 well positioned to capitalise on the demand for power solutions, particularly in developing markets.”

The company expects to invest up to $260m in new fleet capacity in 2012. Total capacity had risen to 900 megawatt up from 358 MW in 2010.