SSE has positioned itself at the heart of the clean energy transition with one of the largest investment programmes in the FTSE-100. In electricity networks, its Transmission business saw operating profits rise 3% 1 while Distribution's operating profits were down 31% mainly as a result of inflationary costs which are expected to be recouped in future years, and storm costs.ĭelivering world-class projects at the heart of the clean energy transition In Renewables, profitability increased despite adverse weather conditions due to higher average hedge prices and lower hedge buy-back costs. The first half saw a strong performance from the Thermal business as it benefited from the addition of Keadby 2 and Triton power stations alongside improved availability of its other assets. Reiteration of the Group's full-year adjusted EPS guidance of more than 150p. Upgrading its fully funded five-year investment programme to 2027 to £20.5bn and The Group, which is a leading developer and operator of electricity infrastructure from wind farms to networks and flexible power generation, reports:Īdjusted operating profit decreased by 3% to £693.2m Īdjusted profit before tax increased by 1% to £565.2m Īdjusted earnings per share was 37.0p, down 11% and reflecting the seasonal nature of SSE's operations that deliver the majority of annual earnings in the second half SSE plc has published details of its 2023/24 interim results and announced a £2.5bn increase to its existing five-year investment programme, expecting £20.5bn of investment to 2027 compared to £18bn previously.
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