REG - SSE Plc - NOTIFICATION OF CLOSED PERIOD

SSEAnnouncement

02/04/2025 07:04

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RNS Number : 2406D  SSE PLC  02 April 2025

SSE plc - notification of closed period

2 April 2025

Ahead of the publication on 21 May 2025 of results for the 12 months to 31
March 2025, and following the appointment on 28 March 2025 of Martin Pibworth
as Chief Executive designate, SSE plc is today updating the market on its
performance and outlook for the fiscal year just ended, including:

·      2024/25 adjusted earnings per share expected to be in the range
of 155 - 160 pence.

 

·      Renewables output expected to have increased by around 17%
year-on-year, reflecting capacity additions and variable weather conditions.

 

·      On course to deliver investment of around £3bn this financial
year, reflecting the disciplined capital allocation underpinning SSE's NZAP
Plus investment programme.

FULL-YEAR TRADING UPDATE

SSE today updates the market that it expects full-year 2024/25 adjusted
earnings per share to be between 155 - 160 pence. The updated guidance
reflects expected renewables output of around  13.0 TWh, around 17% higher
than prior year reflecting capacity additions and variable weather conditions
which have continued in the final months of the year. SSE's regulated networks
businesses have continued to deliver strong operational performance, with
operating profit expectations for the Group's other Business Units remaining
unchanged.

Progress has continued on the NZAP Plus investment plan, with around £3bn of
capital investment expected to be reported for the year. This disciplined
investment with a focus on value and efficiency continues to be underpinned by
a strong and stable balance sheet, with adjusted net debt and hybrid capital
expected to be around £10bn at 31 March 2025.

The Group is focused on delivery of NZAP Plus and reaffirms its target of 175
- 200 pence adjusted earnings per share for fiscal year 2026/27.

The full-year results presentation and Q&A session will be conducted
virtually on 21 May 2025.

 

 Enquiries
 Investors  SSE Investor Relations  ir@sse.com (mailto:ir@sse.com)        Michael Livingston  +44 (0)345 0760 530

 Media      SSE Media               media@sse.com (mailto:media@sse.com)  Glenn Barber        +44 (0)345 0760 530

                                                                          Ross Easton

            MHP                                                           Oliver Hughes       +44 (0)7885 224 532
                                                                          James McFarlane     +44 (0)7854 142 665

 

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