Aggreko plc

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  • 1,019.50p
  • -5.00p (-0.49%)

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Aggreko share price plunges as company issues profit warning

Aggreko share price plunges as company issues profit warning

Aggreko share price plummets as profit warning issued

July 2015

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About Aggreko plc

Aggreko plc is the world’s largest provider of temporary power generation and temperature control solutions. The company’s interim power plants help to stabilise the local utilities power grid and provide additional energy in case of insufficient power supplies.
It operates in two business segments: Local Business and a Power Projects business. In the former, the company hires its equipment such as diesel and generators, load banks and air conditioners, to customers who then operate them inhouse while the company maintains and services the equipment. The company’s Power Projects division operates as a power producer which installs and operates power plants, while customers pay for the generating capacity available and the electricity they are supplied with.
The company serves customers in approximately 100 countries. Aggreko’s business is conducted from 194 service centres and offices based in 47 countries, including most major cities in Western Europe, the United States and Australia, and locations in Asia, Africa and Latin America.
Aggreko was the official supplier of temporary power generation and distribution services during the 2002 Winter Olympic Games.
Headquartered in Glasgow, Scotland, United Kingdom, Aggreko was listed on the London Stock Exchange in 1997. The company was founded in the Netherlands in 1962 and moved to Scotland in 1973. Rupert C. Soames is Group Chief Executive. Ken Hanna is Chairman.
In 2013, Aggreko has been named an official supplier to America’s Cup Event Authority to provide a complete power solution to operate the 34th world-class sailing event.

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