Mercury NZ Limited (NZX: MCY) FY2021 EBITDAF Guidance Revised to $520 Million

Tuesday 23rd February 2021

Mercury announced today that it has revised its FY2021 EBITDAF guidance from $535 million to $520 million. This reflects an expected 100 GWh decrease in full year hydro generation to 3,800 GWh due to dry weather in the Taupo catchment since mid-January and ASX electricity futures indicating wholesale prices will remain elevated for the remainder of the financial year.

FY2021 stay-in-business capital expenditure guidance has also been revised from $80 million to $70 million with the deferral of non-urgent investment.

FY2021 ordinary dividend guidance remains at 17.0 cents per share.

Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseen circumstances including changes to hydrological conditions.

Please see the link below for details:

FY2021 EBITDAF guidance revised to $520 million

Source: Mercury NZ Limited

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