LONDON (ShareCast) - (Sharecast News) - Energy company SSE narrowed FY adjusted earnings per share guidance on Wednesday but maintained long-term profit expectations as it looks to move ahead with its renewable energy goals.
SSE now expects earnings to be between 155.0p to 160.0p per share for FY25, versus previous guidance of 154.0p to 163.0p per share. It also reaffirmed its target of 175.0p to 200.0p adjusted earnings per share for FY27.

The FTSE 100-listed firm also said it plans to invest roughly £3.0bn in FY25 as part of its Net Zero Acceleration Programme Plus plan.

"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," said SSE.

In FY24, SSE said renewables output grew 9.8% year-on-year and now expects renewables output to have grown 17% to 13.0TWh in FY25, driven by heightened capacity and despite cold spells and stormy across the UK.

"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," said SSE.

As of 0920 BST, SSE shares were up 1.25% at 1,600.31p.











Reporting by Iain Gilbert at Sharecast.com

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