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Interim Results

Aggreko maintains full-year guidance

02 August 2017 07:34

Aggreko has maintained its full-year guidance after reporting interim profits before tax and exceptional items of £63 million (2016: £71 million) in line with market forecasts.

It said group revenue of £792 million was in line with last time excluding impact of currency and pass-through fuel and that excluding legacy contracts in Argentina, revenue was up 6%.

The group said the interim dividend was being maintained at 9.38p per share.

Chief executive Chris Weston said: "I am confident that the changes we have made in the last two years are delivering results, with our first half performance supporting our view that, Argentina aside, we will grow this year.

"In particular, we have made good progress enhancing our product offering, improving our customer experience and reducing our cost base, all of which makes us more competitive.

"As we look forward, energy markets and technologies are evolving and we continue to invest and grow our capabilities to take advantage of the opportunities this presents."

Story provided by StockMarketWire.com

Related Company: AGK

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