Proactive Investors - Run By Investors For Investors

Severn Trent maintains outlook after 'good start' to the year

Severn Trent said it was on track to deliver a previously announced £100mln reinvestment programme
Severn Trent
Severn Trent says its business plan is 'progressing well'

British water and waste company Severn Trent PLC (LON:SVT) left its outlook unchanged after making a “good start” to the year.

In a trading update for the period from April 1 to July 18, the utility said its performance had been in line with its previously announced guidance.  

“We have made a good start to the financial year and there has been no material change to current year business performance or outlook,” it said.

The group also said it was on track to deliver a previously announced £100mln reinvestment programme.

READ: Severn Trent unveils £100mln investment drive as full-year profits climb 4%

Severn Trent said its business plan for Ofwat's AMP7 requirements is “progressing well and we are confident we can present a plan this coming September which balances the needs of all of our stakeholders for the next regulatory period”.

Shares fell 1.5% to 1,852p in morning trading.  

View full SVT profile View Profile

Severn Trent Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use