This business has helped the company reduce debt by آ£30m to around آ£145m.
When it finalises its account in March, Aggreko expects to report 2010 group revenues in the region of آ£1.22bn (up 20% on 2009) and profit before tax and amortisation of around آ£305m (up 25% on 2009).آ
Excluding the unlikely to be repeated triple whammy of the three major sporting events, underlying growth in revenue and trading profit for the year is expected to be around 11%.
Aggreko expects to spend around آ£320m on new equipment for hire in 2011, آ£60m more than in 2010, and about 1.7 times fleet depreciation.آ This expenditure reflects both an increase in fleet capacity, and a higher proportion of the investment accounted for by gas fleet, which is about twice the cost per megawatt of diesel fleet.
Got a story? Email news@theconstructionindex.co.uk
