Trustpower trims guidance on lower prices, generation

Mon, 17 Feb 2020

Trustpower has trimmed its full-year earnings guidance by as much as $20 million, citing lower wholesale electricity prices and a reduction in expected generation from its hydro stations.The company is expecting earnings before interest, tax, depreciation, amortisation and changes in financial instruments of $185 million to $195 million for the year ending March 31.That is down from the $200 million to $215 million range the firm signalled in early November. Ebitdaf last year was $222 million.The shares fell 2 percent to $7.20, trimming its gai...

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