This business has helped the company reduce debt by 拢30m to around 拢145m.
When it finalises its account in March, Aggreko expects to report 2010 group revenues in the region of 拢1.22bn (up 20% on 2009) and profit before tax and amortisation of around 拢305m (up 25% on 2009).聽
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 拢320m on new equipment for hire in 2011, 拢60m more than in 2010, and about 1.7 times fleet depreciation.聽 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.
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