A RECORD order book, 16 per cent rise in profits, and the biggest temporary contract ever to provide power to the biggest event of the year.
Add a refreshingly honest chief executive who shareholders trust and like, and a share price that’s gained more than 30 per cent in the past three years, and you’ve got something that looks very much like a British business success story.
For once, let’s not dwell on the negatives. Chief executive Rupert Soames, grandson of Sir Winston Churchill, may have signalled a slowdown in the second half, but you’d struggle to find a firm in the recent results round that hasn’t done the same – and being on target to deliver a 15 per cent rise in profits is hardly a disaster.
Like the rest of the world Aggreko’s eyes may be trained on London for now, but it’s the company’s international projects that it relies on for growth. From power stations in South Africa to back-up for Japan after the Fukushima disaster, Aggreko’s exposure is well spread – and new investments focus on growth markets such as Brazil. We expect the firm to remain a leading light.