15 November 2023
If you are covering SSE’s latest results, please see the following comment from Tom Gilbey, equity research analyst at Quilter Cheviot:
"SSE’s half year results were better than expected. Operating profit was a 7% beat with one of the main reasons being down to thermal generation being stronger than expected, despite being down 9%. It has reiterated that it will be sticking to its goal of making more than 150 pence per share next year.
"SSE plans to keep up this performance with ambitious plans for the next few years, including investing more in their network and renewable energy projects. Alongside this it is confident about funding these investments and are making good progress on major projects, like achieving first power at Dogger Bank, which will be the world's largest offshore wind farm.
"SSE's stock continues to offer a decent return through dividends, and they plan to maintain this in the coming years, whilst investing in attractive growth opportunities for the group."
