SSE nudges up annual earnings guidance to 116p-120p per share
Source - SMW
SSE said it now expected to deliver adjusted earnings per share for the current financial year of between 116p and 120p.
The guidance compares favorably to its half-year report outlook statement, in which said it expected earnings per share in line with the consensus analysts' forecast at the time of 116p.
The utility also confirmed that it still expected to report an annual increase in its full-year dividend that at least kept pace with inflation.
It's annual capital investment program, meanwhile, was expected to fall to be around £1.6bn, compared to a previous estimate of £1.7bn.
'The energy sector continues to present a number of complex challenges to manage but, throughout this financial year, we have kept our focus on delivering the best possible service for our networks and retail customers and on delivering our programme of investment in the energy infrastructure on which all customers depend,' chief executive Alistair Phillips-Davies said.
'All of this represents an encouraging year so far for SSE.'