Aggreko to top 2010 estimates

28th Oct 2010 07:45

Revenue jumped 30% at Aggreko on a constant currency basis during the third quarter, and the temporary power and temperature control expert now thinks full-year profit will beat consensus forecasts. The football World Cup in South Africa this summer, a heatwave in America and increase in prices pushed sales up 34% at the Local business in the three months to September 30.Even without pass-through fuel, overall group revenue was up 24% year on year and trading margins were at similar levels to 2009. "We expect the Local business to make further strong progress in the fourth quarter, and all three regions are performing ahead of our expectations," the group said.That's given Aggreko the confidence to predict full-year profits be come in at around £300m, better than the current consensus of £290m.