25 May 2023

FY 2022/23: Strong performance, SSE Thermal business was the key driver

SSE PLC (SSE:LON) | 1,785 -80.3 (-0.3%) | Mkt Cap: 19,755m

- Pierre-Alexandre Ramondenc
- 3 pages

SSE reported higher than expected FY22/23 earnings with SSE Thermal as the main contributor. The business unit tripled its operating profit from £300m to more than £1bn propelled by price, volume and perimeter effects. The group nevertheless indicated that this level of income will be adjusted downwards to around £750m in the following year.

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FY 2022/23: Strong performance, SSE Thermal business was the key driver

SSE PLC (SSE:LON) | 1,785 -80.3 (-0.3%) | Mkt Cap: 19,755m

Published: 25 May 2023
Author: Pierre-Alexandre Ramondenc
Pages: 3

SSE reported higher than expected FY22/23 earnings with SSE Thermal as the main contributor. The business unit tripled its operating profit from £300m to more than £1bn propelled by price, volume and perimeter effects. The group nevertheless indicated that this level of income will be adjusted downwards to around £750m in the following year.