Analyst Views: Does the trading update change your outlook on Aggreko?

 
Suzie Neuwirth

CAROLINE DE LA SOUJEOLE | CANTOR FITZGERALD

We are leaving our 2013 and 2014 profit forecasts of £335m and £313m unchanged. We remain confident in the long-term structural drivers underpinning the temporary power market, but reflecting the current cyclical pressures, we have a hold recommendation on the stock.

NICK SPOLIAR | WH IRELAND

The results were marginally ahead of expectations and we are upgrading our full-year profit forecast from £327m to £335m on the back of this guidance. The Panama contract win reflects the fundamental strengths of the business. The £200m debt reduction will create further options for the firm.

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