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15/6/2018 — General
Guidance upgrade for Mercury

Mercury NZ Ltd (NZX & ASX: MCY) yesterday lifted its FY2018 EBITDAF guidance from $540 million to $555 M.

The company said this is due to an expected 200 GWh increase in full year forecast hydro generation due to continued wet weather in the Taupo area.

Annual hydro generation is now forecast to be 4,900 GWh for the financial year, or 900 GWh above average.

“Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseeable circumstances including changes in hydrological conditions,” Mercury added.

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