Aggreko plc

Aggreko plc is the worlds biggest emergency power supply company. It owns over 13,000 generators, which is about 10% of the peak power demand for the whole of the UK. It has offices in 34 countries and reaches customers in over 100 countries.

Aggreko was founded in the Netherlands in 1962 but moved to Scotland in 1973. It was acquired by the European transport and logistics company Christian Salvesen plc in 1984 but then later demerged in 1997 when it was first listed on the London Stock Exchange.

Aggrekos power supply units are used in many industries including mining, offshore oil platforms, film studios and shipyards. Aggreko won the contract to supply power and temperature control for Beijing 2008 Olympic Games and will also be the power supplier for the London 2012 Games and is also a major sponsor of the Games. Aggreko also produces mobile powerplants which can power entire cities. These are operated out of their Dubai base.

Aggreko won the Scottish Engineering Award in 2011 in recognition of its great successes and achievements. Described by Scottish Engineering as “A manufacturing engineering supply company working in Scotland, which has made a significant contribution towards raising the standard of the sector and has been shown to be an appropriate standard bearer for that sector.”

For the year to December 2010 the company reported a record performance with revenue coming from the Vancouver Winter Olympics, FIFA World Cup and the Asian Games and the company was also chosen to be the exclusive supplier of Temporary Energy Services for London 2012.

Group Revenues reached £1.23 billion which was a rise of 20% Trading Profit was £314.5 million up 23.3%. Earnings per share was over 80 pence, up 26.5% Dividend per share was 18.9 pence, up 50%

The 2010 closing Order Book for International Power Projects was 60% up on the previous year and there has been a 14% year on year increase on the MW on rent at the start of 2011.

Link to Scottish Engineer awards page: http://www.scottishengineering.org.uk/…aggreko.pdf

Company Information

  • Aggreko PLC (Group Head Office)
  • 120 Bothwell Street
  • Glasgow
  • G2 7JS
  • United Kingdom
  • Tel: + 44 (0)141 225 5900
  • Fax: + 44 (0)141 225 5949

Website: www.aggreko.com

Company Registrar

  • Capita Registrars
  • The Registry
  • 34 Beckenham Road
  • Beckenham
  • Kent BR3 4TU
  • UNITED KINGDOM
  • Tel: 0871 664 0300 (calls cost 10p per minute plus network extras)
  • Tel. from outside the UK: +44 (0) 20 8639 3399

Website: www.capitaregistrars.com
E-mail: ssd@capitaregistrars.com

Aggreko Dividend Payments

Aggreko pays an interim and final dividend each year. Dividends have been rising each year since the first was paid in 1998. Full dividend history can be found on their website: ir.aggreko.com/agk_ir/shser/divinfo/

 

  7 comments for “Aggreko plc

  1. SHP
    June 20, 2011 at 9:23 pm

    Great day for Aggreko. Now trading up 1.2% at 1888p. Lots of positive vibes about this company.

  2. SHP
    June 13, 2011 at 5:38 pm

    APR Energy takeover by Horizon Acquisitions

    Emergency power supply rivals APR Energy have just agreed to be taken over by Horizon Acquisitions in a deal worth $855 million (£527m).

    Horizon Acquisitions owned by the City financier Hugh Osmond who is also the co-founder of Pizza Express and Punch Taverns.

    Horizon are buying APR Energy in a cash and share deal. The cash element is around $350 million and the remaining $505 million is in shares.

  3. SHP
    June 8, 2011 at 3:49 pm

    Aggreko has had another good day on the stock markets seeing is price increase to 1914p, up 0.26% on the day.

  4. SHP
    May 27, 2011 at 12:26 pm

    Aggreko are having another good day of trading, up 1.68% today already.

  5. CityAnalyst
    May 23, 2011 at 4:38 pm

    iii.co.uk reported that Goldman Sachs analyst Charles Wilson thinks that Aggreko ( LON:AGK ) has no exposure to the middle east problems and just a small exposure to Yemen, where there have been no disruptions at its sites thus far. Possibly a good solid stock to buy.

  6. CityAnalyst
    May 23, 2011 at 3:58 pm

    Aggreko Corporate Action

    Proposed Return of Cash to Shareholders of 55 pence per Existing Ordinary Share, by way of one B Share for each Existing Ordinary Share and a 31 for 32 Share Capital Consolidation.

    Record Date: 8 July
    New Ordinary Shares trade on 11 July
    B Share Record Date 8.15 a.m. on 11 July

    Shareholder Options for the Aggreko Capital Consolidation

    TO MAKE ONE CHOICE IN RESPECT OF ALL OF YOUR B SHARES:

    To elect for Choice 1: the Single B Share Dividend for all of your B Shares you need take no further action. You need not complete and return the Election Form. Shareholders will automatically receive the Single B Share Dividend for all their B Shares for which no election was made.

    To elect for Choice 2: the Initial Purchase Offer for all of your B Shares you should write ALL in Box 2.

    To elect for Choice 3: Retention of B Shares for all of your B Shares you should write ALL in Box 3.

    You can also elect to “mix and match” your election if you wish.

    Election Forms must be returned by 1.00 p.m. on 20 June 2011.

    If you need assistance in completing the Election Form or have any queries relating to it, please contact Capita Registrars on 0871 664 0321.

    Full details of the corporate action can be found here: http://ir.aggreko.com/agk_ir/siteware/final-circular-2011.pdf

  7. CityAnalyst
    May 23, 2011 at 3:54 pm

    The General Meeting of Aggreko plc, will be held on 5 July 2011 at 4.30 p.m. at the offices of Slaughter and May, One Bunhill Row, London, EC1Y 8YY.

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