Crown Energy publishes further and more detailed information regarding the Company’s property assets
Crown Energy AB (publ) ("Crown Energy", "The Company") today publishes a wider scope of information on the Company's Asset Development & Management business. The financial information includes new key ratios that are not based on accounting principles, but provide extended information to the market about the Company's service and property business. A shorter version is intended to be incorporated with the Company's quarterly reporting to provide for a more effective evaluation of the Company's financial position and performance.
Crown Energy assesses the information relevant to the stock market and intends to facilitate a more effective and relevant assessment of the Company's development. The following information includes measures that are not defined in accordance with IFRS or other applicable financial reporting rules. Some key ratios are financial and covered by the European Securities and Markets Authority's (ESMA) Guidelines on Alternative Performance Measurements and other key ratios are not covered by ESMA's guidelines.
"Following the acquisition of ESI Group, we have been very active in incorporating acquired businesses into Crown Energy's systems. In that process, we also want to strengthen the information to the market. The objective is to increase transparency for our existing and potential shareholders so that they can better follow developments in the Company over time. We also see opportunities for external analysts to better interpret our financial reports”, says Andreas Forssell, Crown Energy's CEO.
The information is presented in the attached appendix, and will also be available on the Company's website.
This information is information that Crown Energy AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 8:30 AM CET on 9 November 2018.
Please contact Andreas Forssell, CEO, Crown Energy AB
+46 8 400 207 20
+46 760 15 15 95
Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East. For more information please visit www.crownenergy.se.