Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
ContourGlobal upgraded its guidance on annual performance thanks to strong operational performance in the first half of the year.
'We are raising our full-year 2021 guidance to $780 - $810 million and are pleased to confirm that we will pay a Q2 2021 dividend of 4.465 USD cents per share, in line with our 10% year-on-year dividend growth policy.'
For the six months ended 30 June, adjusted earnings before interest taxes, depreciation and amortization, or EBITDA, rose 16% to $406 million year-on-year, as revenue climbed 38% to $935 million.
The performance was driven by the Western Generation acquisition, stronger operational performance in renewables, and a net positive FX impact of $13.6 million mainly driven by appreciation in the euro against the dollar.