SSE plc
notification of closed period
27 march 2024
- ?2023/24 adjusted earnings per share expected to be in the range of 152 - 160 pence, consistent with previous guidance.
- On course to deliver investment of around £2.5bn this financial year, reflecting high-quality project pipeline and disciplined capital allocation.
- Reaffirming target of 175 - 200 pence adjusted earnings per share for 2026/27, as the Group continues to deliver the Net Zero Acceleration Programme Plus.
PRE-Close Trading Update
SSE today updates the market that it expects full-year 2023/24 adjusted earnings per share to be between 152 - 160 pence. This narrower range is consistent with previous guidance of more than 150 pence, and reflects renewables output 13% below plan for the year to 21 March 2024 as well as SSE Thermal delivering adjusted operating profit of more than £750m.
The Group remains on track to report full-year 2023/24 capital expenditure of around £2.5bn, as it continues to progress its high-quality project pipeline. This is underpinned by a strong balance sheet, with adjusted net debt and hybrid capital expected to be around £9.5bn at 31 March 2024.
In the longer term, the Group continues to focus on the delivery of the investment, operational and financial growth targets as set out in the Net Zero Acceleration Programme Plus. This includes reaffirming the target of 175 - 200 pence adjusted earnings per share for 2026/27.
The full-year Results presentation and Q&A session will be conducted virtually on 22 May 2024.
| Enquiries | | | | |
| Investors | SSE Investor Relations | Michael Livingston | +44 (0)345 0760 530 | |
| | | | | |
| Media | SSE Media | Glenn Barber, Raymond Buchanan | +44 (0)345 0760 530 | |
| | | | | |
| | MHP | | Oliver Hughes | +44 (0)7885 224 532 |
| | | | James McFarlane | +44 (0)7709 496 125 |
| Provisional Investor Timetable | | | |
| Preliminary results for the year ended 31 March 2024 | 22 May 2024 | ||
| AGM and Q1 Trading Statement | 18 July 2024 | ||
| Final ex-dividend date | 25 July 2024 | ||
| Record date | 26 July 2024 | ||
| Scrip reference pricing days Scrip reference price confirm and released via RNS | 25 Ð 31 July 2024 | ||
| 1 August 2024 | |||
| Final date for receipt of scrip elections | 22 August 2024 | ||
| Final dividend payment date | 19 September 2024 | ||
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