25th Apr 2007 07:02
Aggreko PLC25 April 2007 AGGREKO plc AGM STATEMENT At Aggreko plc's Annual General Meeting later today, the Chairman, PhilipRogerson, will make the following comments: "Trading in the first quarter in Aggreko International has been exceptionallystrong. At the time of our preliminary results announcement on 8th March, wesaid that our International Power Projects business was running at very highlevels of utilisation on a fleet significantly larger than last year. Sincethen, we have won a number of new contracts - including the award of a further100MW in the Yemen. In addition, we have recently secured extensions to a numberof large existing contracts. As a consequence, we now expect that the currentlevels of utilisation will continue into the second half. "As we anticipated, profits in the first quarter in North America were lowerthan in 2006, when equipment was still deployed on re-construction work arisingfrom Hurricanes Rita & Katrina. However, revenues continue to grow and we expectour operations in North America to make progress for the year as a whole.Recovery in Europe has continued apace, with revenues and profits in the firstquarter significantly ahead of 2006. "Overall, the Group has made a very strong start to 2007. The Board now believesthat profits for the year will be materially ahead of current marketexpectations." - ENDS - Enquiries to: Rupert Soames / Angus CockburnAggreko plcTel. 0141 225 5900 Neil BennettMaitlandTel: 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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