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(Sharecast News) - Energy firm SSE said on Thursday that it had continued to deliver a "strong operational performance" in the year ended 31 March, supported by progress across its major investment programmes and steady trading in its core businesses.
For the full year, SSE now expects adjusted earnings per share to come in between 147p and 152p, reflecting ongoing delivery against its fiveyear 33bn investment plan.
Renewable generation output was expected to come in at roughly 14.5TWh, about 10% higher than FY25, supported by growing capacity from its construction programme, partly offset by mixed weather conditions. Operating profit expectations for the group's other business units remain unchanged
Capital investment in SSE's regulated networks businesses was set to rise by around 60% yearonyear, with most of the increase coming from Transmission, where five of its 11 major projects are now under construction and 26 of the 34 required consents have been secured.
Group capital investment was pegged to be roughly 3.5bn for the year, while adjusted net debt and hybrid capital were forecast to be just over 10bn at 31 March, backed by liquidity of well over 5bn.
SSE added that it was continuing to monitor developments in the Middle East, though it noted that there has been no immediate impact on performance.
As of 0820 BST, SSE shares were down 0.037% at 2,675p.
Reporting by Iain Gilbert at Sharecast.com
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