Half year revenue down for Aggreko
Temporary power group Aggreko, which has its UK head office in Cannock, says revenue was down 6% for the quarter to the end of September.
It expect that the underlying revenue trend in the second half of the year will be similar to that in the first, reflecting the ongoing challenging market conditions.
The group's pre-tax profit for the full year is expected to be between £250 million and £270m at average exchange rates.
Chief executive Chris Weston said: "Aggreko continues to demonstrate its resilience against a challenging market backdrop and I am pleased that we are maintaining our guidance for 2015 full year profit before tax."
Rental Solutions revenue was down 1% on last year and Power Solutions 11% lower.
Aggreko has increased capital expenditure plans for the current year and now anticipates spending around £250 million on fleet, up from £226m last year.
