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Trustpower releases its quarterly operating results

12 Jul 2019

Trustpower is pleased to release its operating results for the quarter ended 30 June 2019.

While it is still too early in the financial year to form a view on the year-end outcome, especially given the balance of the volatile and uncertain winter period is yet to occur, first quarter results are below forecast and indicate that Trustpower’s full-year results may be towards the bottom end of its guidance range. The current guidance range is for a FY20 EBITDAF of $205 to $225 million.

This change is being driven by a significant reduction in generation volume and lower wholesale prices than forecasted, as well as mild autumn conditions driving lower customer electricity volumes in some regions.

Kevin Palmer 
Chief Financial Officer

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