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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

(SSE)
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SSE Sees Coronavirus Hit to 1Q In Line With Expectations

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07/16/2020 | 02:45am EDT

By Jaime Llinares Taboada

 

SSE PLC said Thursday that the hit to its operating profit from the coronavirus during the first quarter of fiscal 2021 was in line with expectations, and that it anticipates its interim dividend to be in line with its inflation-linked policy.

The FTSE 100-listed energy company said in a trading update that it continues to expect a negative impact of between 150 million and 250 million pounds ($188.8 million-$314.7 million) before mitigation from the pandemic.

The group said it intends to declare an interim dividend of 24.4 pence in November based on inflation estimates, which would be up from 24.0 pence a year earlier. SSE said continues to target its five-year dividend policy, which would set the full fiscal 2021 payment at 80 pence plus RPI inflation.

On the operational side, SSE reported that in April-June its renewable power output rose 5.8% from a year earlier. Its gas-fired generation for the period increased 12%, while its distribution business transported 12% less power.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

Stocks mentioned in the article
ChangeLast1st jan.
SSE PLC 0.04% 1329.5 Delayed Quote.-7.61%
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Sales 2021 6 710 M 8 765 M 8 765 M
Net income 2021 708 M 925 M 925 M
Net Debt 2021 10 274 M 13 422 M 13 422 M
P/E ratio 2021 18,8x
Yield 2021 6,11%
Capitalization 13 716 M 17 909 M 17 918 M
EV / Sales 2021 3,58x
EV / Sales 2022 3,45x
Nbr of Employees 11 676
Free-Float 99,1%
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Technical analysis trends SSE PLC
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 1 416,95 GBX
Last Close Price 1 329,00 GBX
Spread / Highest target 33,0%
Spread / Average Target 6,62%
Spread / Lowest Target -16,0%
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NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Independent Non-Executive Director
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