Aggreko Plc. (AGK.L) issued its Interim Management Statement covering the period from 1 January 2013 to date.
The company noted that trading in the first quarter has been in line with its expectations, with underlying Group revenues growing by 8% in the three months to 31 March 2013.
The underlying excluded revenues from the London Olympics, the Poit Energia acquisition, pass-through fuel and currency movements. On a reported basis, revenues increased by 7% and trading margins were in line with the same period last year.
The Americas region grew revenues by 9% on an underlying basis; Asia, Pacific and Australia was 1% ahead of last year on an underlying basis; and Europe, Middle East and Africa grew 13% on an underlying basis.
The company now expects to spend around 130 million pounds in the first half on fleet capital expenditure, and around 260 million pounds for the year as a whole, although as always it will increase or decrease its rate of investment depending on market conditions.
Looking ahead for 2013, the company said its expectations for the year as a whole remain unchanged from previous guidance.
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