Airtricity owner SSE ups earnings outlook on higher energy costs

SSE raised its prices in the UK last year and introduced three separate price increases in Ireland on the back of rising wholesale energy costs

UK energy utility SSE - which owns the SSE Airtricity brand in Ireland - expects earnings for its current financial year to be better than expected.

British energy utility SSE – which operates in Ireland as SSE Airtricity – is targeting better-than-expected annual earnings on the back of rising energy prices.

SSE has upgraded its outlook, saying it now expects to generate adjusted earnings per share of 90 pence for the 12 months to the end of March, instead of a previously expected 83 pence. It also said it intends to offer a full-year dividend of 81 pence.