SSE

OverviewSuggest Edit

SSE, formerly Scottish and Southern Energy, is an energy company. It is involved in the generation and supply of electricity and gas. In addition, the company operates gas and telecoms networks and provides other energy-related services such as gas storage, exploration and production, contracting, connections and metering.

TypePublic
Founded1998
HQReading, GB
Websitesse.com
Employee Ratings3.7
Overall CultureD

Latest Updates

Employees (est.) (Jun 2022)11,865
Job Openings460
Revenue (FY, 2022)£8.8 B(+27%)
Share Price (Aug 2022)£17.8
Cybersecurity ratingDMore
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Key People/Management at SSE

Richard Gillingwater

Richard Gillingwater

Chairman
Martin Pibworth

Martin Pibworth

Energy Director
Alistair Phillips-Davies

Alistair Phillips-Davies

Chair and Chief Executive
Rob McDonald

Rob McDonald

Managing Director, Transmission
Sally Fairbairn

Sally Fairbairn

Company Secretary and Director of Investor Relations
Gregor Alexander

Gregor Alexander

Finance Director
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SSE Office Locations

SSE has offices in Reading, Aberdeen, Aberdeen City, Ashford and in 48 other locations
Reading, GB (HQ)
No. 1 Forbury Place 3JH, 43 The Forbury
Aberdeen, GB
200 Ashgrove Rd W
Aberdeen City, GB
200 Ashgrove Rd W
Ashford, GB
Wotton Rd
Belfast, GB
83-85 Great Victoria St
Belfast, GB
Great Victoria St
Show all (58)

SSE Financials and Metrics

SSE Revenue

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SSE's revenue was reported to be £8.75 b in FY, 2022
GBP

Revenue (FY, 2022)

8.8b

Gross profit (FY, 2022)

5.5b

Gross profit margin (FY, 2022), %

63.4%

Net income (FY, 2022)

2.5b

EBITDA (FY, 2022)

4.6b

EBIT (FY, 2022)

3.7b

Market capitalization (1-Aug-2022)

18.7b

Closing stock price (1-Aug-2022)

17.8

Cash (31-Mar-2022)

1.0b

EV

26.7b
SSE's current market capitalization is £18.7 b.
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Revenue

31.2b10.9b9.5b6.9b8.8b

Cost of goods sold

(27.3b)(8.1b)(6.4b)(3.6b)(3.3b)

Gross profit

4.0b3.9b3.1b4.6b5.5b

Gross profit Margin, %

13%36%33%66%63%
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Revenue

4.7b4.5b2.8b3.7b

Cost of goods sold

(3.9b)(2.4b)(1.4b)(1.0b)

Gross profit

927.5m2.2b1.8b2.6b

Gross profit Margin, %

20%48%63%72%
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Cash

232.2m526.8m164.6m1.6b1.0b

Accounts Receivable

2.7b2.7b1.5b1.3b2.0b

Prepaid Expenses

92.1m52.2m131.7m200.7m99.6m

Inventories

225.9m229.4m176.4m239.6m266.6m
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Cash

163.0m165.0m416.0m232.7m

Accounts Receivable

3.2b2.3b1.6b1.6b

Prepaid Expenses

51.1m24.4m42.4m

Inventories

201.8m197.4m172.2m462.1m
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Net Income

1.2b1.7b719.8m2.7b3.8b

Depreciation and Amortization

1.0b748.2m947.2m637.9m303.2m

Inventories

43.2m(3.4m)122.5m(71.7m)(24.4m)

Accounts Payable

(97.8m)(116.8m)(269.2m)420.0m538.3m
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Net Income

(227.4m)(164.3m)982.1m1.8b

Depreciation and Amortization

316.1m875.6m274.3m184.8m

Inventories

24.1m107.6m4.3m12.7m

Accounts Payable

(382.9m)35.3m42.9m
GBPFY, 2018

EV/EBITDA

10.7 x

EV/EBIT

16.2 x

EV/CFO

13 x

Revenue/Employee

1.5m

Debt/Equity

1.6 x

Debt/Assets

0.4 x

Financial Leverage

4.4 x
Show all financial metrics

SSE Operating Metrics

SSE's Customers was reported to be 8 m in FY, 2017.
FY, 2014FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018

Customers

9.1 m8.58 m8.21 m8 m

Total Thermal Generation Capacity, MW

8.34 k7.81 k7.28 k7.33 k7.33 k7.33 k

Total Renewable Generation Capacity, MW

3.33 k3.39 k3.39 k3.28 k3.28 k3.31 k3.7 k

Total Electricity Generation Capacity, MW

11.67 k11.73 k11.2 k10.56 k10.61 k10.64 k11.03 k

SSE Acquisitions / Subsidiaries

Company NameDateDeal Size
The Energy Solutions Group Topco LtdJuly 31, 2014£66 m
Endesa Ireland LtdJune 15, 2012
Aquamarine Power LtdNovember 24, 2010
ESB Contracts LtdNovember 01, 2009
Uskmouth PowerAugust 13, 2009£27 m
Seeboard Trading LtdFebruary 29, 2008
Airtricity Inc.January 05, 2008£1.1 b
AtlanticApril 28, 2004£90.7 m
SSE Medway Operations LtdOctober 03, 2003
SWALECAugust 07, 2000£210 m
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SSE Revenue Breakdown

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SSE revenue breakdown by business segment: 6.6% from ELECTRICITY TRANSMISSION, 10.7% from ELECTRICITY DISTRIBUTION, 9.5% from THERMAL GENERATION, 25.7% from BUSINESS ENERGY, 13.2% from AIRTRICITY, 24.1% from ENERGY PORTFOLIO MANAGEMENT (EPM) and 10.1% from Other

SSE revenue breakdown by geographic segment: 83.3% from UNITED KINGDOM, 15.0% from IRELAND and 1.6% from Other

SSE Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

SecurityScorecard logo

SSE Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

SSE Online and Social Media Presence

Embed Graph

SSE Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    C+

    68/100

  • Compensation

    D-

    44/100

Learn more on Comparably

SSE News and Updates

SSE to expand into Japanese offshore wind market with new joint venture

Energy firm SSE has announced that its renewable energy business is expanding into South East Asia. SSE Renewables has signed an agreement with Japanese renewable energy developer Pacifico Energy, to create a joint ownership company that will pursue offshore wind energy development projects in Japan…

“No decision” made to break up SSE amid net zero growth strategy

Energy firm SSE Group has announced that “no decision” has been made to break up the group. The news follows media speculation that the firm has been in talks to separate its wholesale networks business from its renewables operations. A statement from the firm issued this morning said: “There has be…

SSE Has Made No Decision to Split Despite Elliott’s Pressure

SSE Has Made No Decision to Break Up Despite Elliott’s Pressure

Elliott Is Said to Push for Breakup of British Power Firm SSE

Elliott Is Said to Push for Breakup of British Power Firm SSE

SSE sells SGN stake for £1.2bn as energy firm completes disposals

Energy firm SSE has today sold off its entire stake in Scotia Gas Networks (SGN) for £1.2bn as it completes The post SSE sells SGN stake for £1.2bn as energy firm completes disposals appeared first on CityAM.

SSE Networks bows to stakeholders and plots a £4bn net zero investment

Scottish and Southern Electricity Networks (SSEN) may pledge over £4bn in the push for net zero, the energy giant said The post SSE Networks bows to stakeholders and plots a £4bn net zero investment appeared first on CityAM.
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SSE Frequently Asked Questions

  • When was SSE founded?

    SSE was founded in 1998.

  • Who are SSE key executives?

    SSE's key executives are Richard Gillingwater, Martin Pibworth and Alistair Phillips-Davies.

  • How many employees does SSE have?

    SSE has 11,865 employees.

  • What is SSE revenue?

    Latest SSE annual revenue is £8.8 b.

  • What is SSE revenue per employee?

    Latest SSE revenue per employee is £737.5 k.

  • Who are SSE competitors?

    Competitors of SSE include National Grid, Centrica and Exponential-e.

  • Where is SSE headquarters?

    SSE headquarters is located at No. 1 Forbury Place 3JH, 43 The Forbury, Reading.

  • Where are SSE offices?

    SSE has offices in Reading, Aberdeen, Aberdeen City, Ashford and in 48 other locations.

  • How many offices does SSE have?

    SSE has 58 offices.