Trustpower Limited Reports Audited Earnings Results for the Full Year Ended March 2017; Provides Earnings Guidance for the Full Year of 2018
The company expects its EBITDAF to be in the range of NZD 225 million to NZD 245 million this is an increase on its earlier guidance of NZD 215 million to NZD 235 million. The increased forecast has been driven by the favourable trading conditions in the year to date. The forecast is underpinned by the following assumptions: Long run average generation volumes for the remainder of the year; NZ Wholesale price averages are in line with current ASX 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.