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Adjusted Operating Profit by Segment
Provides insight into the profitability of each segment after adjusting for one-time items, helping to assess the core earnings power and efficiency of different parts of the business.
SSE's recent earnings call highlights strong growth in its Networks and Renewables segments, with a 53% and 25% increase in adjusted operating profit, respectively. This aligns with the significant uptick in the Distribution segment's profit in 2024. However, the Thermal and Gas Storage segments face challenges, reflected in recent declines, due to market normalization and low spark spread. Despite reducing its capital investment plan, SSE remains committed to strategic investments in transmission and distribution, which are expected to drive future growth and inflation-linked earnings.
SSEZY Adjusted Operating Profit by Segment
| Date | Distribution | Transmission | Renewables | Thermal | Gas Storage | Business Energy | Airtricity | Enterprise | EPM | Corporate Unallocated |
|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2024 | £346.30M | £157.50M | £335.60M | -£9.00M | -£34.80M | £60.10M | £70.60M | -£19.00M | £14.10M | -£61.20M |
| Mar 31, 2024 | £152.00M | £203.70M | £746.30M | £423.20M | £169.50M | £7.80M | £89.20M | -£17.20M | £29.90M | -£71.20M |
| Sep 30, 2023 | £120.10M | £215.60M | £86.80M | £312.90M | -£86.70M | £88.00M | £5.80M | -£8.40M | £9.00M | -£49.90M |
| Mar 31, 2023 | £207.80M | £164.30M | £557.50M | £931.50M | £64.70M | -£42.60M | -£9.30M | -£19.40M | £50.10M | -£91.40M |
| Sep 30, 2022 | £174.60M | £208.40M | £22.50M | £100.40M | £147.80M | £60.50M | £14.90M | -£8.00M | £30.30M | -£35.40M |
| Mar 31, 2022 | £198.50M | £198.80M | £542.70M | £270.20M | £2.00M | -£23.90M | £63.30M | -£3.60M | -£22.50M | -£65.50M |
| Sep 30, 2021 | £153.30M | £181.70M | £25.40M | £36.10M | £28.70M | £2.40M | -£2.90M | -£7.30M | £5.70M | -£46.30M |
| Mar 31, 2021 | £151.90M | £105.70M | £590.20M | £110.90M | £12.20M | £3.40M | £27.40M | £12.20M | £19.90M | -£35.00M |
| Sep 30, 2020 | £199.00M | £115.20M | £141.60M | £49.60M | -£17.90M | -£27.40M | £16.60M | -£33.50M | -£1.50M | -£23.40M |
