|
Group revenue |
£1,396m |
£1,230m |
14% |
22% |
|
|
|
|
|
|
|
Group revenue excl pass through fuel |
£1,288m |
£1,156m |
11% |
|
|
|
|
|
|
|
|
Trading profit (2) |
£341m |
£314m |
8% |
26% |
|
|
|
|
|
|
|
Profit before tax |
£327m |
£307m |
6% |
|
|
|
|
|
|
|
|
Pre-exceptional diluted earnings per share (4) |
87.72p |
79.69p |
10% |
|
|
|
|
|
|
|
|
Post-exceptional diluted earnings per share |
98.83p |
79.69p |
24% |
|
|
|
|
|
|
|
|
Dividend per share |
20.79p |
18.90p |
10% |
|
Highlights:
· Underlying Group revenues up 22% and trading profit up 26%. Good growth from both International Power Projects and the Local business.
· Strong performance from International Power Projects; underlying revenues up 25% and trading profit up 33%.
o Over 1,200 MW of new work won; Asia and Latin America particularly strong
o Closing order book up 21% on prior year; 14 months of revenue at current run rate.
· Local businesses underlying revenues up 21% and trading profit up 15%
o North America performed extremely well; strategy to develop oil & gas working well
o Revenues up in both Europe & Middle East; Middle East profits impacted by project mix
o Aggreko International's Local business underlying revenues up 37%; strategy of expanding our footprint in fast-growing markets is delivering strong growth; 16 new locations opened or acquired in 2011.
· Over £200m paid out to investors and capital investment increased by 55% to £418m.
Philip Rogerson, Chairman, commented:
"I am pleased to report that Aggreko has delivered another strong performance in 2011, with underlying growth in revenues of 22% and in trading profit of 26%. The Group also achieved solid headline growth despite the fact that 2010 was an extraordinary year for our revenues from major sporting events, with the FIFA World Cup, the Vancouver Winter Olympics and the Asian Games together accounting for about £87 million of revenue in 2010. The strength of our performance is tribute to the breadth and diversity of the Group and the continuing demand we see in all our key markets."
