In an IMS, Aggreko reported its Q3 16 main trends: Underlying revenue (adj. from FX and pass-through fuel) was 7% below last year’s and reported revenue was up 8%. Rental Solutions was down 7% yoy, driven by the ongoing weakness in upstream oil and gas in North America with further pricing pressure and a reduction in gas volumes. Power Solutions Industrial revenue was up 3%, excluding the impact of the European Games in the prior year’s comparatives, or 9% lower as reported. Power
18 Nov 2016
Challenging markets prevailed in Q3
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Challenging markets prevailed in Q3
- Published:
18 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
In an IMS, Aggreko reported its Q3 16 main trends: Underlying revenue (adj. from FX and pass-through fuel) was 7% below last year’s and reported revenue was up 8%. Rental Solutions was down 7% yoy, driven by the ongoing weakness in upstream oil and gas in North America with further pricing pressure and a reduction in gas volumes. Power Solutions Industrial revenue was up 3%, excluding the impact of the European Games in the prior year’s comparatives, or 9% lower as reported. Power