REG - SSE Plc - Notification of Closed Period

SSEAnnouncement

27/03/2024 07:00

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RNS Number : 4229I  SSE PLC  27 March 2024

SSE plc

notification of closed period

27 march 2024

 

 * 2023/24 adjusted earnings per share expected to be in the range of 152 - 160
pence, consistent with previous guidance.

 * On course to deliver investment of around £2.5bn this financial year,
reflecting high-quality project pipeline and disciplined capital allocation.

 * Reaffirming target of 175 - 200 pence adjusted earnings per share for 2026/27,
as the Group continues to deliver the Net Zero Acceleration Programme Plus.

 

PRE-Close Trading Update

SSE today updates the market that it expects full-year 2023/24 adjusted
earnings per share to be between 152 - 160 pence. This narrower range is
consistent with previous guidance of more than 150 pence, and reflects
renewables output 13% below plan for the year to 21 March 2024 as well as SSE
Thermal delivering adjusted operating profit of more than £750m.

The Group remains on track to report full-year 2023/24 capital expenditure of
around £2.5bn, as it continues to progress its high-quality project pipeline.
This is underpinned by a strong balance sheet, with adjusted net debt and
hybrid capital expected to be around £9.5bn at 31 March 2024.

In the longer term, the Group continues to focus on the delivery of the
investment, operational and financial growth targets as set out in the Net
Zero Acceleration Programme Plus. This includes reaffirming the target of 175
- 200 pence adjusted earnings per share for 2026/27.

The full-year Results presentation and Q&A session will be conducted
virtually on 22 May 2024.

 

 Enquiries
 Investors  SSE Investor Relations  ir@sse.com (mailto:ir@sse.com)        Michael Livingston  +44 (0)345 0760 530

 Media      SSE Media               media@sse.com (mailto:media@sse.com)  Glenn Barber,       +44 (0)345 0760 530

                                                                          Raymond Buchanan

            MHP                                                           Oliver Hughes       +44 (0)7885 224 532
                                                                          James McFarlane     +44 (0)7709 496 125

 

 Provisional Investor Timetable
 Preliminary results for the year ended 31 March 2024                    22 May 2024
 AGM and Q1 Trading Statement                                            18 July 2024
 Final ex-dividend date                                                  25 July 2024
 Record date                                                             26 July 2024
 Scrip reference pricing days                                            25 Ð 31 July 2024

 Scrip reference price confirm and released via RNS
                                 1 August 2024
 Final date for receipt of scrip elections                               22 August 2024
 Final dividend payment date                                             19 September 2024

 

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