13 Oct 2017
Trustpower expects its FY-18 EBITDAF to be in the range of $255 million to $270 million. This is an increase on its earlier guidance of $225 million to $245 million.
The increased forecast has been driven by the favourable trading conditions in the year to date as well as a recalibration of the expected Australian generation determined as part of the current strategic review. Trustpower now expects its Australian EBITDAF to be in line with FY17.
The forecast is underpinned by the following assumptions:
• Long run average generation volumes for the remainder of the year
• NZ and Australian Wholesale prices are in line with current forward pricing for the remainder of the year;
• Average temperatures and average electricity consumption for the remainder of the year
• Total customers increase to between 255,000 and 260,000 including 90,000 to 95,000 telco customers
Chief Financial Officer
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