Mercury forecasts: 'appearances can be deceptive' warn Forsyth Barr

Mercury's Maraetai dams straddle the Waikato River. (Image: Mercury)

Wed, 21 Feb 2024

Forsyth Barr has urged caution when interpreting Mercury’s recent strong performance, warning that “appearances can be deceptive” and labelling the company as underperforming.In its interim report for the six months ending December, the energy firm upgraded its earnings before interest, tax, depreciation, amortisation and change in fair value (ebitdaf) guidance for FY24 by 5.4% to $880m, which Forsyth Barr described as “impressive” although “soft” compared to its expectations. Ultimately, it c...

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