Aggreko clocked reasonable underlying revenue and operating profit growth in FY18. Rental Solutions’ strong performance more than compensated for Power Solutions Utilities’ weakness. Management expects FY19 PBT to meet the market’s current expectations, with a better progression in H2. Moreover, the group envisages good progress towards a mid-teen RoCE target in 2020, largely led by self-help actions.
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FY18 results were broadly as expected
- Published:
07 Mar 2019 -
Author:
Lionel Pellicer -
Pages:
3
Aggreko clocked reasonable underlying revenue and operating profit growth in FY18. Rental Solutions’ strong performance more than compensated for Power Solutions Utilities’ weakness. Management expects FY19 PBT to meet the market’s current expectations, with a better progression in H2. Moreover, the group envisages good progress towards a mid-teen RoCE target in 2020, largely led by self-help actions.