European Energy upgrades guidance as power prices boost Q4 profit
Record-high electricity prices make both sold generation and project values rise, says European Energy CEO, who stands to reap EUR 50m in Q4.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
With only a few days left of the year, European Energy upgrades its full-year guidance from a pre-tax result of EUR 50m to EUR 60m – based on unchanged gross earnings before interest, taxes, depreciations and amortizations of EUR 80m.
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