Edition:
India

Aggreko Says FY Results In Line With Market Expectations


Wednesday, 6 Mar 2019 

March 6 (Reuters) - Aggreko PLC ::RESULTS IN LINE WITH MARKET EXPECTATIONS.FY GROUP REVENUE £1,760 MILLION VERSUS £1,698 MILLION.FY OPERATING PROFIT £219 MILLION, DOWN 2 PERCENT.FY PROFIT BEFORE TAX OF £182 MILLION, UP 10% ON UNDERLYING BASIS AND IN LINE WITH MARKET EXPECTATIONS DESPITE CURRENCY HEADWINDS.FULL YEAR DIVIDEND MAINTAINED AT 27.1 PENCE.PLANS TO IMPROVE ROCE ARE WELL UNDER WAY, INCLUDING LAUNCH OF £50 MILLION COST REDUCTION PROGRAMME.OUTLOOK FOR GROUP IN 2019 IS IN LINE WITH MARKET'S EXPECTATIONS, DESPITE CURRENCY HEADWINDS AND IMPACT OF IFRS 16.