Boost from Americas to spark Aggreko
Aggreko, the FTSE 100 generators giant, yesterday said that strength in the Americas would see revenues grow 5 per cent during the first half of the year, but trading profit for the six months will still be in line with last year's £159m.
The temporary power group said the Americas will grow revenues by 11 per cent in the first half, and Europe, the Middle East and Africa by 8 per cent. It added: "We expect the local business to deliver a strong first half while trading in Power Projects remains subdued."
The company said first-half Asian revenues would be about 6 per cent lower than last year, mostly because of lower revenues from Japan, which had hired generators after the Fukushima earthquake, and Indonesia.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies