Aggreko reported an 8% rise in first-quarter reported revenue on Thursday.

The temporary power-generation company, led by Chris Weston (below) said it expects trading profit, before being adjusting for currency movements and fuel pass-through, for the full year to be broadly in line with last year.
Chris Weston of Aggreko
Fiona Cincotta, a senior market analyst at www.finspreads.com told COSPP online, “Aggreko has retained its full year outlook for 2015, although it has warned that it is unable to predict the impact of lower oil prices on its markets. They expect trading profits this year to be roughly inline with those of last year even though its total revenue rose 8% in the first quarter.”

“Revenue increased in the first quarter of the year thanks to the stronger dollar and growth in America’s, Europe, Middle East and Africa, which offset a decline in Asia Pacific and Australia.  Despite these seemingly acceptable results the market was quick to judge the cautious undertone and the share price fell over 1% in the morning session.”

In March, Aggreko indicated that adjusted trading profit for the first half of its financial year is expected to be lower than last year, mainly due to higher fleet-mobilization costs.