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SSE looks to greener pastures

The energy group is hoping to add 1 gigawatt (GW) of annual renewables capacity from the mid-2020s
SSE looks to greener pastures
  • Adjusted operating profit was pulled down by the Covid-19 pandemic, but the statutory numbers benefitted from asset disposals.
  • The interim dividend has been lifted by 2 per cent and the group is planning a full year payout of 80p per share plus RPI.
IC TIP: Hold at 1,384p

SSE (SSE) saw its adjusted operating profit decline by 15 per cent year-on-year in the six months to 30 September, to £418m. This reflects a £115m blow from Covid-19, largely stemming from lower electricity demand and increased bad debts from business customers.

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