Aggreko PLC (LON:AGK) has proposed a final dividend of 10p per share as its markets start to recover.
The temporary power generation and temperature control equipment supplier said both the rental solutions and power solutions segments are seeing improvement, with contracts delayed by the pandemic now mobilising.
READ: Aggreko receives £2.2bn offer from private equity groups
The FTSE 250 firm was also contracted to work at the Tokyo Olympics next summer.
In the final results, it did not include any updates regarding the 880p per share takeover offer made by private equity groups TDR Capital and I Squared Capital last month.
In the year to December 31, revenue tumbled 15% to £1.3bn driven by the impact of COVID-19 and the lower oil price.
Profit before tax and exceptional items was down 49% to £102mln, though Aggreko incurred in a non-cash one-off impairment of £175mln around property and inventory.
Net debt ballooned 35% to £380mln.
The mobile power generator specialist updated on its progress to reach net-zero carbon emissions by 2050, having divested £79mln in lower emission assets and deployed 120-megawatt of hybrid applications during 2020 among other measures.