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.
Chief Financial Officer
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