SSE’s Networks business is expected to deliver around a 60% increase in investment spending over the full year. Renewables output rose 10% to 14.5 TWH, reflecting the group’s increased capacity against a backdrop of mixed weather conditions.
As of the end of March, underlying net debt was expected to be just over £10bn, with liquidity of “well over” £5bn.
Full-year underlying earnings per share (EPS) is now expected to land in the top half of previous guidance, pointing to between 147-152p per share. All other guidance remains unchanged.
The shares were broadly flat in early trading.
Our view
HL view to follow.
SSE key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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