|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||19.89 - 20.08|
|52-week range||19.89 - 20.08|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
New orders in the power solutions utility business fell 35.6 percent to 666 megawatts (MW) this year, while revenue at the unit dropped 15 percent in the third quarter. In Argentina, it expects 214 MW of contracted volume to be terminated by the end of this year. "The prospect pipeline continues to be healthy, however it is still taking longer to convert than last year," Aggreko said.
Aggreko has moved to a new 20,000 sq. ft. service center in Minneapolis to meet increased customer demand for its power, HVAC and oil-free air rental products and services. The new facility is double the size of the previous center and gives the world leader in mobile, modular, heating, power and cooling and oil-free air additional space to deploy a full range of Aggreko equipment, including natural gas and diesel generators, cooling towers, air conditioners, heaters, oil-free compressors and accessories.
Aggreko (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said its first-half profit fell 10 percent, hurt by discounts it had to make to win a contract in Argentina, the company's single largest market. The British firm, whose kit powers major events and covers electricity shortfalls, said pretax profit before exceptional items fell to 63 million pounds ($83 million) in the six months ended June 30, from 71 million pounds a year ago. Excluding fuel and currency movements, revenue was in line with the prior year, Aggreko said, adding that the results met market expectations.
Aggreko Plc, the world's largest temporary power provider, is losing its respected finance chief Carole Cran, who it said would join Scotland's Forth Ports Ltd. Cran, described by Citigroup (NYSE: C - news) analysts as "an excellent CFO and a super Aggreko ambassador for many years", would leave within the next 12 months as part of an orderly handover, Aggreko said on Tuesday.
Aggreko Plc (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said on Thursday it had withdrawn a proposed executive pay policy after some investors disapproved of a new restricted share plan (RSP). The company has been looking to switch its remuneration policy to more "fairly align" shareholder and management interests as it contends with challenging market conditions. Against this backdrop, the company said on Thursday the RSP plan was supposed to reduce the amount of annual bonus and awards under a Long Term Incentive Plan, while increasing the amount of Aggreko shares management members have to hold.