SSE PLC Raises Profit Outlook Before Results — But Investors Eye the Accounting Catch
SSE PLC raised its full-year profit outlook, after a shift in accounting treatment at Neos Networks reined in loss recognition. Investors get a clearer—though not cash-linked—boost as they wait for results May 28. The Perth-based group, focused on power networks and renewables, now sees adjusted earnings per share in the 149p-154p range, up from the 147p-152p it indicated in April. That accounting tweak should tack on 1.9p to adjusted earnings metrics, but prior reports won’t be restated, the company said. Timing is key here. SSE wants shareholders on board as it pushes through a major grid-build, and when May results hit, investors will be watching debt, cash flow and progress just as closely as profits.