Aggreko reported its FY17 results which were roughly in line with expectations, but with a disappointing 2018 guidance at the operating level (flat PBT). The bright spot was Power Solutions Industrial (+20% in revenue, +34% in OP) driven by Eurasia, while Power Utilities remains a drag (-9% in revenue and -42% in OP). 2018 will remain a challenging year, due to repricing, debt provisions and customer payment issues in the Power Utility business.
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Power Utilities still a drag
- Published:
07 Mar 2018 -
Author:
Lionel Pellicer -
Pages:
3
Aggreko reported its FY17 results which were roughly in line with expectations, but with a disappointing 2018 guidance at the operating level (flat PBT). The bright spot was Power Solutions Industrial (+20% in revenue, +34% in OP) driven by Eurasia, while Power Utilities remains a drag (-9% in revenue and -42% in OP). 2018 will remain a challenging year, due to repricing, debt provisions and customer payment issues in the Power Utility business.