Brief: MPC Energy Solutions says Strong Increase In Energy Output Resulted in Surging Revenues

MPC Energy Solutions NV

31/10/2024 06:16

Oct 31 (Reuters) - MPC Energy Solutions NV  MPCES.OL :
    * Q3 WAS MARKED BY A STRONG INCREASE IN ENERGY OUTPUT,
RESULTING
IN SURGING REVENUES AND OPERATING PROFITS
    * PROPORTIONATE REVENUES FOR Q3 WERE REPORTED AT USD 3.6
MILLION
(Q3 2023: USD 2.8 MILLION)
    * DECIDED TO HALT PRODUCTION AT CHP PLANT IN PUERTO RICO AS
COMPANY DOES NOT EXPECT ITS SITUATION TO IMPROVE IN NEAR FUTURE
    * MADE A SLIGHT DOWNWARD ADJUSTMENT TO ITS FULL-YEAR
GUIDANCE
    * NOW EXPECTS 2024 PROPORTIONATE REVENUES TO BE BETWEEN USD
11.5
MILLION AND USD 12 MILLION
    * NOW EXPECTS 2024 PROPORTIONATE PROJECT EBITDA BETWEEN USD
7.5
MILLION AND USD 8 MILLION
    * PREVIOUS 2024 GUIDANCE HAD PROPORTIONATE REVENUES AT USD
12
MILLION AND PROPORTIONATE PROJECT EBITDA AND USD 8.5 MILLION
    * Q3 PROJECT EBITDA USD 2.6 MILLION VERSUS YSD 1.2 MILLION
YEAR
AGO

Source text:  ID:nMFN95v78q 
Further company coverage:  MPCES.OL 

 (Reporting by Gdansk newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))