Centrica sees all units hitting medium-term earnings early

British Gas owner Centrica said trading was in line with expectations against the backdrop of a more “normalised” environment, with all retail supply and optimisation businesses to be within their medium-term sustainable adjusted operating profit ranges in 2024 - two years ahead of schedule.

Centrica

115.25p

17:15 06/11/24

-0.35%

-0.40p

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In a trading statement ahead of the company’s annual general meeting, Centrica reaffirmed earnings forecasts for British Gas residential energy supply of £150m-£250m, British Gas services & solutions £100m-£200m, Centrica Energy £250m-£350m and Bord Gáis and Business Energy Supply £100m-£200m.

Reporting by Frank Prenesti for Sharecast.com