Aggreko’s 9m FY20 results (-14% yoy revenue) were soft, amidst the COVID-19 pandemic and lower oil prices. However, with the improving market trends, management expects the FY20 underlying PBT to settle at the upper end of its previous guidance. Moreover, a strategic blueprint has been presented for the group’s mid-teen RoCE in the mid-term and to upgrade its fleet mix to achieve net zero carbon emission by 2030 and make both the group plus its services carbon-less by 2050.
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Aggreko aims to reach net zero CO2 emission by 2050
- Published:
23 Nov 2020 -
Author:
Mohit Rathi -
Pages:
3
Aggreko’s 9m FY20 results (-14% yoy revenue) were soft, amidst the COVID-19 pandemic and lower oil prices. However, with the improving market trends, management expects the FY20 underlying PBT to settle at the upper end of its previous guidance. Moreover, a strategic blueprint has been presented for the group’s mid-teen RoCE in the mid-term and to upgrade its fleet mix to achieve net zero carbon emission by 2030 and make both the group plus its services carbon-less by 2050.