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CNA — Centrica News Story

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Brief: Centrica Pursues 1,300 Role Reductions Under Transformation Programme

BRIEF-Centrica Pursues 1,300 Role Reductions Under Transformation Programme

- Centrica PLC CNA.L:

  • CENTRICA: LONG-TERM TARGETS UNCHANGED - £2.0BN ADJUSTED EBITDA AND DOUBLING EPS BY 2030.

  • CENTRICA: OUTLOOK FY RETAIL TO BE TOWARDS LOWER END OF £500M-£800M ADJUSTED EBITDA GUIDANCE RANGE

  • CENTRICA: OUTLOOK FY OPTIMISATION TO DELIVER ADJUSTED EBITDA OF AROUND £250M

  • CENTRICA: OUTLOOK FY INFRASTRUCTURE TO GENERATE ADJUSTED EBITDA OF £650M-£750M

  • CENTRICA: GROUP EARNINGS TO BE WEIGHTED TO FIRST HALF OF THE YEAR

  • CENTRICA: FY CAPITAL INVESTMENT TO BE AROUND £1.1BN

  • CENTRICA: H1 2026 ADJUSTED EBITDA £737M, BASIC EPS 6.8P

  • CENTRICA : H1 2026 INTERIM DIVIDEND INCREASED 9% TO 2.0P

  • CENTRICA : UNDER TRANSFORMATION PROGRAMME, 1,300 PROPOSED ROLE REDUCTIONS UNDERWAY; 14% REDUCTION IN CUSTOMER OPERATIONS WORKFORCE

  • CENTRICA : EXPECT CENTRICA ENERGY EBITDA IN 2027 TO BE AROUND THE LEVELS DELIVERED IN 2025 AND OUR 2026 GUIDANCE

  • CENTRICA : SPENDING IN THE FIRST HALF WAS CONSISTENT WITH OUR PLAN

  • CENTRICA : CONTINUE TO ENGAGE CONSTRUCTIVELY WITH UK GOVERNMENT ON FUTURE DEVELOPMENT OF ROUGH

  • CENTRICA : CURRENT PRODUCTION CONSENT WITH NORTH SEA TRANSITION AUTHORITY EXPIRES IN APRIL 2027, DO NOT CURRENTLY INTEND TO SEEK AN EXTENSION

Source text: ID:nRSW4859Na

Further company coverage: CNA.L


((Reuters.Briefs@thomsonreuters.com;;))

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