09.02.06

9.2.2006: Meldung: Scottish Power plc: Nine Months Results

SCOTTISH POWER plc
2005/06 NINE MONTH RESULTS including 3rd Quarter to 31 December 2005

Strong profit growth from continuing operations

- Adjusted operating profit*: £559m for nine months, up 34%

- Adjusted profit before tax*: £470m for nine months, up 42%

- Adjusted earnings per share*: 20.20p for nine months, up 49%

Continuing businesses deliver on strategic priorities

- Energy Networks benefits from increased regulatory revenues and improved network performance

- Higher customer numbers and plant acquisitions in the prior year drive strong growth in Energy Retail and Wholesale

- PPM Energy reports growth in gas storage profits and increased contribution from wind investments

- Capital investment of £742m, for the nine months, with 70% for growth, driven by windfarm developments in UK & US

- Corporate restructuring on track to deliver savings of £10m this year

Continued growth in group earnings and dividends

- Adjusted earnings per share*: 10.80p for quarter, up 6%; 31.30p for nine months, up 18%

- Reported earnings per share: 18.59p for quarter, up 66%; 31.17p for nine months, up 8%

- Dividend per share: 5.2p for quarter, up 5%; 15.6p for nine months, up 5%

- As previously advised, proposed full year dividend of 25 pence per share, up 11%

Sale of PacifiCorp proceeding well


Philip Bowman, ScottishPower Chief Executive, said:

"The first nine months demonstrate a strong performance from continuing operations. Despite the cost pressures currently being experienced throughout the sector, the Company remains on track to deliver performance for the full year in line with our expectations.

The sale of PacifiCorp is proceeding well and we have now exceeded several of our original timetable objectives. As a result, completion of the sale may take place a little earlier than our original guidance of May to November 2006."

Note: Items marked * represent adjusted results, further details of which are given in the Financial Overview section.


For further information:

David Ross, Investor Relations Manager +44 (0) 141 636 4527
Colin McSeveny, Group Media Relations Manager +44 (0) 141 636 4515
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x