Aggreko plc Comments On H1 2011 Outlook; Reiterates FY 2011 Trading Profit Outlook

Aggreko plc announced that for the first half of 2011, it anticipates revenue in constant currency and excluding pass-through fuel will be about 9% higher than 2010 and rading profit is expected to be similar to 2010, representing 20% growth in revenue and 17% growth in trading profit on an underlying basis (i.e. in constant currency and excluding revenues from pass-through fuel and major events held in 2010 (Vancouver Winter Olympics, FIFA World Cup and Asian Games)). For fiscal 2011, the Company believes that the rate of growth in underlying profits as a whole will be a little higher than the 20% underlying Trading Profit growth that the Company expected at the time of the Company's Interim Management Statement on April 27, 2011. The Company reiterates its previous guidance for headline Trading Profit for the year to be slightly ahead of 2010, as the further strengthening of underlying profits will be offset by the weakness of the US Dollar, which affects the translation into sterling of the profits of our International Power Projects and North American businesses.