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

SSE PLC

(SSE)
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SSE : 1st Half Profit Soars on Exceptionals; Adjusted EBIT Takes GBP115 Million Virus Hit

11/18/2020 | 02:43am EST

By Jaime Llinares Taboada

SSE PLC on Wednesday posted a significantly higher profit for the first half of the fiscal year reflecting one-off gains, but its underlying performance worsened dragged by the coronavirus pandemic.

The FTSE 100 energy networks and power generation group made a pretax profit of 829.5 million pounds ($1.10 billion) in the six months ended Sept. 30, up from GBP128.9 million a year earlier. SSE reported exceptional gains of GBP327 million, mainly related to disposals.

However, its adjusted operating profit--which strips out exceptional items--declined to GBP418.3 million from GBP491.9 million. The company said it took a GBP115 million hit from the coronavirus pandemic at operating-profit level.

SSE declared an interim dividend of 24.4 pence a share, in line with what it had anticipated in September and up from 24.0 pence a year earlier.

As for the full fiscal year 2021, the energy company said it expects to report adjusted earnings per share of between 75 and 85 pence, including gains on disposals. It also forecasts that the coronavirus impact will be toward the middle of the GBP150 million-GBP250 million range forecast in June.

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

(END) Dow Jones Newswires

11-18-20 0242ET

Stocks mentioned in the article
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Financials
Sales 2021 6 937 M 9 406 M 9 406 M
Net income 2021 844 M 1 144 M 1 144 M
Net Debt 2021 9 321 M 12 638 M 12 638 M
P/E ratio 2021 19,5x
Yield 2021 5,34%
Capitalization 15 719 M 21 367 M 21 314 M
EV / Sales 2021 3,61x
EV / Sales 2022 3,55x
Nbr of Employees 11 676
Free-Float 99,1%
Chart SSE PLC
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SSE plc Technical Analysis Chart | SSE | GB0007908733 | MarketScreener
Technical analysis trends SSE PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 1 587,68 GBX
Last Close Price 1 519,50 GBX
Spread / Highest target 21,8%
Spread / Average Target 4,49%
Spread / Lowest Target -21,4%
EPS Revisions
Managers and Directors
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Director & Director-Group Energy & Commercial
Sue Bruce Independent Non-Executive Director
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