Financial Releases
Trading update and notice of investor & analyst visit
01 Jun 2007
Aggreko plc, the world leader in the supply of temporary power,
temperature control and oil-free compressed air services, announces
that it is will be hosting an analyst and investor visit to some of
its operations in the Middle East and Africa from 5th-6th June
2007.
The purpose of the visit will be to provide investors and
analysts with an enhanced understanding of Aggreko's International
Power Projects business and Local businesses in the Middle East and
Asia and the commercial and economic background in which they
operate. Highlights of the presentations will be available on our
website www.aggreko.com.
In the light of this, Aggreko is bringing forward the date of
its customary trading update prior to entering its close period in
respect of the half-year ending 30th June 2007. Interim results
will be announced on Thursday 13th September 2007.
Trading Update
There has been no significant change to the outlook since we issued
a Trading Statement at our AGM on 25th April. In that statement, we
said that we expected that the Group will deliver a material
increase in profits in 2007 compared with 2006.
Trading in Aggreko International has been extremely strong, with
record levels of utilisation on a fleet that has been greatly
expanded during the last twelve months; accordingly, profits in the
first half will be substantially ahead of H1 2006. As we expected,
demand in North America has been less strong than in other parts of
our business, and we expect profits in the first half to be at
similar levels to last year. However, we still expect our
operations in North America to make progress for the year as a
whole. Recovery in Europe has continued apace, and profits in the
first half will be significantly ahead of 2006.
ENDS
| Enquiries to: |
Rupert Soames / Angus Cockburn |
| |
Aggreko plc |
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Tel. 0141 225 5900 |
| |
|
| |
Neil Bennett |
| |
Maitland |
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Tel: 020 7379 5151 |