SSE Lowers Top End of Guidance Range; Renewables Output Rises

By Anthony O. Goriainoff

SSE lowered the top end of its guidance range for the just-ended fiscal year, and said renewables output rose.

The U.K. energy group on Wednesday said that for the year ended March 31 it now expects to report adjusted earnings per share within a range of 155 to 160 pence ($2-$2.07) compared with the 154 to 163 pence range it guided for in February.

Meanwhile, SSE reiterated its adjusted EPS guidance range for fiscal 2027 of 175 to 200 pence.

The company said renewables output rose by around 17% in fiscal 2025, reflecting capacity additions and variable weather conditions that continued in the final months of the year.

SSE said it expected to report investment of around 3 billion pounds ($3.88 billion) for fiscal 2025.,

"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 10 billion pounds at [March 31, 2025," it said.

Write to Anthony O. Goriainoff at [e-mail]

(END) Dow Jones Newswires

04-02-25 0247ET