MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above

Aggreko on track to meet full-year expectations despite currency headwinds

Agrreko said Tuesday it remained on track to deliver on full-year expectations even as increased currency headwinds kept a lid on third-quarter revenues.

Revenue, excluding the impact of currency and pass-through fuel, for the third quarter was up 11% on last year with reported revenue up 7%, the company said.

The uptick in revenue was led by strong performance in the groups rental solutions division, which posted revenues a 26% jump in revenues for the quarter amid strong growth in North American oil & gas markets.

The power solutions industrial division saw revenue increase 11%, driven by Eurasia and Latin American.

While power solutions utility division revenue fell 14%, weighed down by lower volumes and rates in Argentina and the continuing effect of the off-hires in Zimbabwe, Bangladesh and Japan, the company said.

At 8:02am: (LON:AGK) Aggreko PLC share price was -3.3p at 844.3p

Story provided by