* H1 sales rise 9 percent to 637 mln pounds
* H1 trading profit falls to 127 mln pounds
* Trading profit up 17 pct excluding sport deals in 2010,
sales up 21 pct
* Expects year trading profit to be around 315 mln pounds,
up 3 pct from 2010
* Shares rise 3.1 percent, among top FTSE gainers
(Adds detail, analyst & company comments, updates shares)
By Adveith Nair
LONDON, Aug 25 British group Aggreko ,
the world's biggest provider of temporary power, said it expects
to report full-year profit ahead of market estimates, after
posting a 17 percent increase in underlying earnings for the
Aggreko expects full-year trading profit of about 315
million pounds ($516.6 million), up 3 percent, helped by a
strong start to the second half at its International Power
business, which provides temporary power stations mainly to
"The underlying rate of growth in revenues is running at
over 20 percent, and it is encouraging to note that this growth
is being delivered by both the Local business and International
Power Projects," the company said in a statement on Thursday.
"We are now well placed to deliver a strong second half."
Aggreko had said in June trading profit for the year would
be slightly ahead of 2010 levels, and Thursday's forecast is
ahead of consensus estimates of 306 million pounds, according to
"Aggreko is now heading towards the end of the peak summer
season and appears to have traded well through the period which
bodes well for the previous expectation that the International
Power Projects business should see acceleration into the second
half," Singer Capital Markets analyst Andy Murphy said.
Shares in the company were up 2.6 percent at 1,809 pence at
0815 GMT, among the top risers on Britain's blue-chip FTSE
In the six months to end-June, trading profit slipped 3
percent to 127 million pounds, hurt by a lack of major sporting
contracts that boosted results last year, on revenue up 9
percent at 637 million.
However, on an underlying basis, excluding sporting events
last year, trading profit was up 17 percent, while sales were up
Aggreko helped power soccer's World Cup, the Vancouver
Winter Olympics and the Asian Games in 2010, with the events
adding about 50 million pounds to revenue in the first-half.
While it does not have any high-profile sporting contracts
this year, it will provide temporary power for the London
Olympics next year and the World Athletics Championships in
South Korea later this year.
"The next Annus mirabilis, where you get three major
sporting events in one year, is not till 2014," Chief Executive
Rupert Soames told reporters.
($1 = 0.610 pound)
(Reporting by Adveith Nair; Editing by Dan Lalor)