Press Release Forum [pressreleaseforum.com] Forum Index

Press Release Forum [pressreleaseforum.com]
Free Press Release Distribution

A site of EPR Network

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Real Time Press Release Distribution is here. Try it out, it's free!

 

Aggreko Increases Annual, Demand-Based Spending By £30m

 
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Energy Press Releases
View previous topic :: View next topic  
Author Message
EPR Network
Site Admin


Joined: 31 Jan 2006
Posts: 32087

PostPosted: Thu Jul 07, 2011 5:16 pm    Post subject: Aggreko Increases Annual, Demand-Based Spending By £30m Reply with quote

Aggreko Increases Annual, Demand-Based Spending By £30m





Released on: July 07, 2011, 3:56 pm
Author: QueryCLick LTD
Industry: Energy

Aggreko, the mobile generator company set to supply power for London's 2012 Olympics, has pledged an additional £30 million in spend this year, based on strong demands for equipment in its international division. It will be the second time the company has increased its demand-based spending in 2011, following a £70 million increase in April.

Five years ago, the company's international power projects accounted for 29 per cent of profits; by 2010, that figure had risen to 44 per cent.

The Glasgow-based company confirms that international demand grew by 22 per cent in the first half of this year alone, while local business saw an underlying increase of 17 per cent. The firm said that, based on strong revenues, it now expects underlying profits to be a little better than the 20 per cent prediction it made in April. However, the group also foresees some of the profit growth to be offset by the weak dollar on earnings.

Aggreko, which was one of the first companies to supply Japan with temporary power equipment following the tsunami earlier this year, has become the FTSE 100ís best performing stock of the past five years.

Aggreko employs more than 5,000 staff in 148 locations worldwide, and rents generators to provide temporary power and cooling systems for events. The company has provided power for the football World Cup in South Africa and the Vancouver Winter Olympics, and will provide about 220 megawatts of power for the London 2010 Olympics in a £37m contract.

About Aggreko:
Aggreko plc is a global leader in power generation and temperature control rental equipment. With an established 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 148 locations offering 24/7 services in more than 100 countries.

Aggreko prides itself in inspiring confidence in its customers worldwide:

Confidence in the equipment and services we provide.
Confidence in the promises we make.
Confidence in the relationships we build.
Confidence in the knowledge that we always get the job done.

Contact:

Aggreko PLC (Group Head Office)
120 Bothwell Street
Glasgow G2 7JS
United Kingdom
Tel: + 44 (0)141 225 5900

For press enquiries, please contact the Aggreko plc Global Marketing Department : +44 141 225 5900
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Energy Press Releases All times are GMT - 4 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Submit Press Release (Free)Submit Press Release

 

 
Editor's pick: