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Interim Results for the six months to 30 June 2007

13 Sep 2007

Aggreko plc, the world leader in the supply of temporary power, temperature control and oil-free compressed air services, announces its interim results for the six months to 30 June 2007.

			Movement
	Six months to 30 June 2007	Six months to 30 June 2006	As reported	Constant Currency
Group revenue	£317.5m	£238.0m	33.4%	42.8%
Trading profit (1)	£50.9m	£30.7m	65.5%	83.1%
Profit before tax	£47.5m	£29.6m	60.3%
Earnings per share	11.64p	7.14p	62.9%
Dividend per share	3.04p	2.53p	20.0%

(1) Trading profit represents operating profit before gain on sale of property, plant and equipment.

Key points include:

• 33% increase in revenues (43% in constant currency) to £317.5m, driven by record levels of investment in new fleet and the successful integration of the GE Energy Rentals acquisition.
• 65% increase in trading profit (83% in constant currency).
• Demand for International Power Projects extremely strong, with revenues up 74% in constant currency and excluding pass-through fuel
  • Margins boosted by exceptionally high levels of utilisation.
• Local businesses increase revenues by 30% in constant currency, with strong performances in Middle East, Australia, South America and Europe.

Philip Rogerson, Chairman, commented:

“I am pleased to report that Aggreko has produced another very strong set of results for the first half of 2007.  The most notable performance was in Aggreko International, where the strong demand we have seen in the last few years continues unabated, and revenues grew by 68%; our European business grew revenues by over 30%, and in North America revenues grew by 14%.”

“We now anticipate that Aggreko’s performance for the year will be well ahead of market expectations.”

Rupert Soames, Chief Executive, commented:

“The growth in our revenues and earnings is the result of strong demand, greatly increased investment in new rental fleet, and the successful integration of the GE Energy Rentals business, which we acquired in December 2006. In many of the 90 countries in which we operate, there are power shortages caused by demand outstripping supply and ageing infrastructure; these issues will not be resolved quickly, and we foresee a growing need for temporary power. Having consolidated our position as the world’s leading provider of temporary power, with over 4,000 megawatts of generating capacity, Aggreko is well-positioned to benefit from this growing demand."

Enquiries to:	Rupert Soames / Angus Cockburn
	Aggreko plc
	Tel: 0141 225 5900
	Neil Bennett/ Charlotte Walsh
	Maitland
	Tel: 020 7379 5151

View the complete Final Results document in Adobe Portable Document Format (PDF, 98KB).

This document can be viewed using Adobe Acrobat® Reader, which is free to download.