Aggreko encouraged by market recovery

Aggreko has reported a 14% fall in revenues to £1.36 billion for the year to 31 December, with pre-tax losses of £73 million, including £175 million in exceptional costs.

The exceptional costs include £67 million for trade receivables (money owed to the business), mainly related to its larger utility power contracts, and £55 million for plant and equipment, focused on under-utilised assets or fleet that cannot be economically repaired or refurbished.