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Aggreko

Aggreko PLC - Post-close trading update

RNS Number : 2319M
Aggreko PLC
20 January 2021
 

     

Aggreko plc

Post-close trading update

20 January 2021

 

Strong cash performance and FY 2020 profit before tax ahead of previous guidance

 

As a result of the continued recovery in activity levels across a number of our markets, we now expect the Group to deliver profit before tax for 2020 slightly ahead of the top end of our previous guidance range of £80-100 million.

In addition, a strong cash performance in the second half has resulted in a reduction in the Group's net debt over the year of around £200m, with closing net debt to EBITDA of less than 1 times.

Looking ahead to this year, despite the recent strengthening of Sterling, we retain the guidance provided as part of our latest trading update on 17 November 2020 for Group profit before tax for 2021 in the range £170-190 million.

Aggreko's full year results will be announced on Monday 1 March 2021. 

 

Enquiries

 

Investors and analysts

Financial media

Richard Foster, Aggreko plc +44 7989 718 478

Andy Rivett-Carnac, Headland +44 7968 997 365

Jill Sherratt, Aggreko plc +44 7814 077 690

Sophie O'Donoghue, Headland +44 7798 687 042

     

 

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