Aggreko rises despite some loss of steam

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Aggreko rises despite some loss of steam
Master Investor Magazine

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The price of shares in temporary power generation specialist Aggreko (LON:AGK) has increased by 2.38% to 816p (as of 13:00 GMT) despite underlying revenue for the nine months to 30th September dropping by 2%, largely due to loss of revenues linked to the 2018 Winter Olympics.

Revenues from the Rental Solutions and Industrial Power Solutions divisions that make up the bulk of the business were broadly flat while the Utility Power Solutions dropped by 7%. Management said that trading was in line with expectations and the full year results would still be in line with guidance.

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