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Aggreko PLC (AGGK.L)

AGGK.L on London Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Aggreko says board withdraws pay report resolution at the AGM
Thursday, 27 Apr 2017 07:44am EDT 

April 27 (Reuters) - Aggreko Plc ::Substantial majority of shareholders (through proxies and corporate representatives) were in favour of directors' remuneration policy.Majority in favour of new restricted share plan was much lower.Existing remuneration policy, which was approved by shareholders in 2015 will therefore remain in place..In view of level of support for new restricted share plan, board of Aggreko decided to withdraw both resolutions.We will now reengage with shareholders with intention of introducing a revised policy for approval at our AGM in 2018.  Full Article

Aggreko says Q1 revenue up 2%
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - Aggreko Plc ::Revenue excluding impact of currency and pass-through fuel for q1 was 2% up on last year with reported revenue up 18%.Outlook for 2017 is unchanged.Forecast fleet capital expenditure is also unchanged, at around £300 million for 2017.Expect profit before tax and pre-exceptional items to be lower than 2016 given significant impact of argentina in 2017.Absent the significant impact of argentina, expect to deliver growth across group in 2017.  Full Article

Aggreko Plc FY profit before tax falls
Tuesday, 7 Mar 2017 02:09am EST 

Aggreko Plc : Final dividend 17.74 pence per share . Total dividend 27.12 pence per share . FY group revenue 1.52 billion STG versus 1.56 billion STG year ago . FY profit before tax 221 million STG versus 252 million STG year ago . On track to deliver cash savings across group in excess of £100 million . FY diluted earnings per share 48.86 pence . Expect to see growth across group in 2017, augmented by incremental annualised cost savings of GBP 25 million from second half . Expect full year profit before tax and pre-exceptional items to be lower than last year . Says in rental solutions, North American business is showing signs of stabilisation after a difficult 2016 . Says expect Europe and Australia Pacific businesses to continue to perform well throughout 2017 .Says in power solutions, industrial business is expected to perform well, driven by two of its largest businesses, Middle East and Eurasia.  Full Article

Aggreko acquires TuCo Industrial Products Inc
Friday, 27 Jan 2017 09:00am EST 

Aggreko Plc : Aggreko acquires TuCo Industrial Products Inc . Aggreko Plc says has acquired TuCo Industrial Products Inc of Lynnwood, Washington for an undisclosed amount .Aggreko Plc says plans to fully integrate operations of TuCo into its North America business by end of Q2 2017.  Full Article

Aggreko posts lower Q3 underlying revenue
Wednesday, 16 Nov 2016 02:00am EST 

Aggreko Plc : Says expect 2016 full year results to be broadly in-line with current market expectations, with pre-exceptional profit before tax of around £225 million . Says net debt to ebitda at 30 june 2016 was 1.2 times and our expectation is that year-end position will be similar . Environment over last nine months has been challenging . Expect 2016 full year results to be broadly in-line with current market expectations . Pre-Exceptional profit before tax of around £225 million . Says expect fleet capital expenditure for current year to be around £260 million (2015: £237 million) .Says currently expect first half 2017 fleet capital expenditure to be around £150 million (2016: £91 million).  Full Article

Aggreko says buys DRYCO for undisclosed amount
Tuesday, 9 Aug 2016 10:15am EDT 

Aggreko Plc : Aggreko acquires DRYCO LLC . Acquisition will add about 6,000 specialized assets to Aggreko`s fleet .Plans to fully integrate operations of DRYCO into its North America business.  Full Article

Aggreko keeps FY guidance despite fall in half-yearly profit
Wednesday, 3 Aug 2016 02:00am EDT 

Aggreko Plc : H1 group revenue at 685 million stg versus 781 million stg year earlier . H1 profit before tax 61 million stg versus 102 million stg year earlier . Interim dividend 9.38 pence per share . Trading environment in this first six months has been difficult, with lower oil price continuing to impact a number of our markets - CEO .Are holding our guidance for full year - CEO.  Full Article

Aggreko raises 2016 capex guidance to about 270 mln stg
Wednesday, 8 Jun 2016 05:00am EDT 

Aggreko Plc : Only update to guidance is an increase in level of capital expenditure expected in 2016, which will increase from 250 mln stg to around 270 mln stg . Full year profit before tax guidance remains unchanged. .Increase in capex as a result of investment in medium speed HFO, net of other movements.  Full Article

Aggreko plc to supply 200MW of power in Zimbabwe
Monday, 18 Apr 2016 02:00am EDT 

Aggreko plc:Says that its Power Solutions business has signed a three year contract to provide 200MW of diesel-fuelled power in Zimbabwe.Says Aggreko's customer is Sakunda Holdings Pty Ltd (Sakunda) which has been awarded contract with ultimate customer, Zimbabwe Electricity Supply Authority ( ZESA).  Full Article

Aggreko PLC announces canadian acquisition
Wednesday, 2 Sep 2015 02:00am EDT 

Aggreko PLC:Says that it has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with, the equipment rental business of ICS Group, Inc.Says the total consideration is C$37.0 million (GBP18.0 million); in the 12 months to July 2015, ICS had revenues of C$18.2 million (GBP8.9 million).Says the agreement is contingent on the satisfaction of a number of pre-closing conditions usual for a transaction of this type.  Full Article

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PRESS DIGEST- British Business - April 28

April 28 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.