SSE Backs Full-Year Earnings View Despite Expected Interim Fall
October 04 2023 - 5:13AM
Dow Jones News
By Christian Moess Laursen
SSE said it expects to report lower half-year adjusted earnings
per share, but that it backs it full-year guidance as operations
are expected to pick up in the latter half.
The FTSE 100 energy company said Wednesday that it is expecting
adjusted earnings per share of at least 30 pence in the first half
of the year, which compares to the 41.8 pence a share in achieved
in the same half a year before.
The guidance accounts for renewable performances below
expectations, with output around 19% behind the half-year plan,
mainly due to adverse weather, it said.
However, the FTSE 100 company reiterated its full-year guidance
of 150 pence, reflecting that the majority of earnings are usually
delivered in the second half-year.
In fiscal 2023, which ended March 31, the company booked 166.0
pence in adjusted earnings per share.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
October 04, 2023 05:58 ET (09:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Mar 2024 to Apr 2024
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Apr 2023 to Apr 2024
