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Glasgow firm to heat up sport for 2014

Category: Scotland Business News — Mark on December 24, 2013

Glasgow-based energy firm Aggreko will power the Commonwealth Games in its home city next year, the company has confirmed.

It will also supply temporary power to next year’s World Cup in the ever so slightly warmer climes of Brazil.

It is fantastic news for the company which, following a rather busy 2012 in London, has had a quiet year. However, announcing the Games news in a trading update to the City, Aggreko also said that its full year results were now expected to be slightly ahead of those forecast.

Releasing a statement, the firm said:

“We are delighted to report that we have been chosen as the supplier of temporary power for the 2014 Fifa World Cup and the Glasgow 2014 Commonwealth Games.”

With such a huge sporting year coming up, many Scottish businesses will be hoping they can surge ahead too. Recognising the potential, many are taking steps to get ahead already, often helped by Glasgow factoring brokers.

With Glasgow hosting the Games too, and thousands of visitors coming to support their countries, it is also going to be a busy year throughout Scotland.

In its update to the city, Aggreko projects revenues to be £1.57 billion, with a pre-tax profit above £335 million.

Though a drop off from last year’s £365 million profit, the company also reported that turnover in many parts of the world was increasing.

Emerging economies in Africa and the Americas, as well as the Middle East market, are all seeing growth. Europe too is increasing its demand.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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