Aggreko expects 50% profit rise with help from hurricanes

There’s no slowing Aggreko down. Performance continues to be so stunning that the company has announced that performance in 2008 will exceed current market expectations while pre-tax profit should be at least 50% higher than last year.

Aggreko is a world-leading supplier of temporary power, temperature control and oil-free compressed air services. 

In a trading update today, Aggreko reports that “the third quarter has been stronger than expected”.

Turnover in the three months to 30 September 2008 was up by 39%.

In North America, turnover was up 10% as customers needed support following Hurricanes Gustav and Ike. 

Net debt stands at £310m which is £90m higher than a year ago.