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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Severn Trent Plc | LSE:SVT | London | Ordinary Share | GB00B1FH8J72 | ORD 97 17/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
40.00 | 1.61% | 2,517.00 | 2,517.00 | 2,519.00 | 2,555.00 | 2,483.00 | 2,485.00 | 539,010 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Water Supply | 2.17B | 132.2M | 0.4420 | 56.99 | 7.53B |
TIDMSVT
RNS Number : 6645E
Severn Trent PLC
20 July 2016
Severn Trent Plc
Trading Update for the period 1 April to 19 July 2016
Severn Trent, one of the leading water and waste water companies in the UK, today announces a trading update for the period to 19 July 2016.
Severn Trent continues to focus on enhancing its customer service, operational and financial performance and is making good progress with its plans to deliver targeted efficiency savings in the second year of the AMP6(1) regulatory period.
Progress continues with the Water Plus joint venture (JV) with United Utilities. The deal completed on 1 June following Competition and Markets Authority approval on 3 May. For the full-year 2016/17, the results for the Group will therefore include two months of discontinued operations for non-household retail operations, and ten months of the Group's 50% share of the JV.
Elsewhere for the Group, there has been no material change to current year business performance or outlook since the full-year 2015/16 results on 24 May 2016. The Board considers that the Group will deliver trading performance consistent with its expectations and prior guidance.
Severn Trent Plc will announce its half-year 2016/17 results for the period ending 30 September 2016 on 24 November 2016.
Notes
1. AMP6 = Asset Management Plan 6, which is the regulatory period for 2015 to 2020 Enquiries Investors & Analysts Severn Trent +44 (0) 7957 Ruban Chandran Plc 166615 Head of Investor Relations Severn Trent +44 (0) 7834 Richard Tunnicliffe Plc 419722 Investor Relations Manager Media Severn Trent +44 (0) 7801 Kat Greenwood Plc 567105 Head of Communications David Lloyd-Seed/ +44 (0) 207 353 Jonathan Sibun Tulchan Communications 4200
This information is provided by RNS
The company news service from the London Stock Exchange
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July 20, 2016 02:00 ET (06:00 GMT)
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