18/05/2013 21:20:40
Aggreko Share Forum |
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| Creator bountyhunter | Created 12 Jul 2007 | Posts 778 | Last Post 2 weeks ago |
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Aggreko plc is the global leader in the rental of power generation and temperature control equipment. With its unique network of locations, equipment and technical services, Aggreko supports companies in generating profits by reducing risk, solving problems and creating new opportunities. Aggreko serves companies across a wide range of industries, with over 133 locations offering 24/7 services in more than 100 countries.... Aggreko Website ..... Financial Calendar
5 day price, spread and volume:| 10/05/2013 | Aggreko PLC Director/PDMR Shareholding |
| 01/05/2013 | Aggreko PLC Total Voting Rights |
| 25/04/2013 | Aggreko PLC AGM Statement |
| 12/04/2013 | Aggreko PLC Annual Information Update |
| 12/04/2013 | Aggreko PLC Interim Management Statement |
-- Another record performance, with revenue increasing 20% and earnings per share up 27%; highest-ever levels of margin, earnings and return on capital employed
-- Strong performance by Local businesses; revenues up 24% and trading profit up 45%
- Outstanding year for major events: GBP87m of revenue from Vancouver Winter Olympics, FIFA World Cup and Asian Games. Selected to be exclusive supplier of Temporary Energy Services for London 2012
-- International Power Projects; revenues up 8% and trading profit up 5%
- Record 1,300 MW of new work secured in 25 countries; over 50% of International Power Projects fleet now on rent in Asia and Central & South America; 2010 closing order book up 60% on prior year
- Strong momentum; 14% year-on-year increase in MW on rent at start of 2011
-- Record fleet capex of GBP320m planned for 2011; GBP30m invested in bolt-on acquisitions in last three months.
-- Substantial increase in returns to shareholders
- Dividend up by 50%
- Plan to move from Net Debt to EBITDA of 0.3 times to around 1 times in next 2-3 years; an initial return of capital to shareholders of GBP150m proposed for 2011
- Demonstrates continued strength of operating cashflows and confidence in business model
Philip Rogerson, Chairman, commented:
"I am pleased to report that Aggreko has produced another strong set of results, and that we are in a position to increase returns to shareholders substantially, while continuing to invest at record levels in growing the business."
"The current instability in some countries in the Middle East and Africa makes the task of predicting the outcome for the year more than normally difficult. Our global scale and diversification of risk exposures will be helpful as we manage through this period of uncertainty, and we anticipate that for the year as a whole trading profit in 2011 will be at a similar level to 2010. Allowing for currency movements and the GBP87 million of major events revenue in 2010 which will not recur in 2011, this would represent underlying growth of around 15%."
Rupert Soames, Chief Executive, commented:
"2010 demonstrated the strength of Aggreko's business model. A hat-trick of major events has allowed us to deliver strong earnings growth while our International Power Projects business completely re-structured its order book and delivered the key strategic objective of improving the regional balance of business between Africa, the Americas and Asia. We go into 2011 with strong momentum, a record order book in International Power Projects, and continued strong demand driven by the world-wide shortage of power."
"We expect both International Power Projects and our Local businesses to deliver good growth on an underlying basis in 2011, and to support this, fleet capital investment in 2011 is expected to increase by 26% to a record GBP320 million."



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