Despite the weak top-line performance in H1 19, Aggreko beat street estimates, thanks to the surge in profitability in both businesses. Management has maintained the full-year earnings guidance, and remains confident in achieving the target of mid-teens ROCE by 2020. No material change in our estimates.
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Profitability boost brings optimism
- Published:
02 Aug 2019 -
Author:
Mohit Rathi -
Pages:
3
Despite the weak top-line performance in H1 19, Aggreko beat street estimates, thanks to the surge in profitability in both businesses. Management has maintained the full-year earnings guidance, and remains confident in achieving the target of mid-teens ROCE by 2020. No material change in our estimates.