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SSE Sse Plc

1,674.00
7.50 (0.45%)
Last Updated: 11:26:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.50 0.45% 1,674.00 1,674.00 1,674.50 1,684.50 1,666.00 1,666.00 161,443 11:26:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 12.49B -60.6M -0.0555 -301.17 18.27B

SSE Backs Fiscal Year 2023 Earnings Growth Expectations

21/07/2022 7:59am

Dow Jones News


Sse (LSE:SSE)
Historical Stock Chart


From May 2022 to May 2024

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By Jaime Llinares Taboada

 

SSE PLC on Thursday reiterated earnings guidance for fiscal 2023, as its performance slightly exceeded expectations in the first quarter ended June 30.

The Scotland-based energy group continues to expect earnings per share of at least 120 pence ($1.44) for the year ending March 31, 2023, which would be up from 95.4 pence in fiscal 2022.

In addition, SSE said its renewable electricity output rose to 2,129 gigawatt-hours in the first quarter from 1,722 GWh a year earlier, and was 5% above plan due to weather conditions. Thermal power generation increased to 3,809 GWh from 3,751 GWh on year due to market conditions and plant availability.

SSE said it continues to make progress on its capex projects and on the disposal of a 25% stake in its power transmission business.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

July 21, 2022 02:44 ET (06:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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