Brief: Orron Energy Guidance For 2024 Remains Unchanged

Orron Energy AB

14/05/2024 06:42

May 14 (Reuters) - Orron Energy AB  ORRON.ST :
    * Q1 REVENUE GROWTH SUPPORTED BY STRONG OPERATIONAL
PERFORMANCE
AND HIGHER ELECTRICITY PRICES
    * GUIDANCE FOR 2024 REMAINS UNCHANGED,
    * KARSKRUV DELIVERED HIGH AVAILABILITY DURING ITS FIRST
MONTHS OF
OPERATION, AND THIS ASSET WILL CONTINUE TO CONTRIBUTE
SIGNIFICANT LONG-TERM CASH FLOW TO BUSINESS
    * PRICES OF ALMOST EUR 50 PER MWH FOR QUARTER, WITH
ELECTRICITY
PRICES AT HIGHER LEVELS AT BEGINNING OF QUARTER
    * FOLLOWING SALE OF LEIKANGER, WE ARE REDUCING OUR ESTIMATED
ANNUAL POWER GENERATION FOR 2024 FROM 1,100 GWH TO 1,000 GWH

Source text for Eikon:  ID:nGNEbWr3BB 
Further company coverage:  ORRON.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))