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ORRON Orron Energy AB News Story

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Brief: Orron Energy Proposes No Dividend For 2024

Feb 12 (Reuters) - Orron Energy AB  ORRON.ST :
    * PROPORTIONATE POWER GENERATION AMOUNTED TO 907 GWH FOR
YEAR,
WHICH WAS IN LINE WITH OUR UPDATED OUTLOOK
    * WE EXPECT OUR POWER GENERATION IN 2025 TO BE BETWEEN 900
AND
1,050 GWH, WHICH GIVES SOME MARGIN BOTH FOR WEATHER AND MARKET
CONDITIONS
    * THE BOARD WILL PROPOSE TO THE AGM THAT NO DIVIDEND WILL BE
PAID
TO THE SHAREHOLDERS FOR THE FINANCIAL YEAR 2024
    * FULL-YEAR EXPENDITURE  GUIDANCE FOR 2025 REMAINS LARGELY
IN LINE
WITH 2024 AND THE BUSINESS STRATEGY REMAINS UNCHANGED AS WE
ENTER THE NEW YEAR
    * 2025 GUIDANCE FOR G&A EXPENSES: EUR 9 MILLION
    * 2025 GUIDANCE FOR SUDAN LEGAL COSTS: EUR 7 MILLION
    * 2025 GUIDANCE FOR CAPITAL EXPENDITURE: EUR 12 MILLION
    * 2025 GUIDANCE FOR OPERATING EXPENSES:  EUR 17 MILLION

Source text:  ID:nGNE5FHX3x 
Further company coverage:  ORRON.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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