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UU. United Utilities Group Plc

1,027.50
-1.00 (-0.10%)
Last Updated: 13:11:40
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
United Utilities Group Plc LSE:UU. London Ordinary Share GB00B39J2M42 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.10% 1,027.50 1,027.50 1,028.00 1,029.00 1,018.00 1,024.50 195,865 13:11:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 1.97B 126.9M 0.1861 55.08 7.01B

Trading Update

19/07/2024 11:23am

EQS Regulatory News


United Utilities Group PLC (UU.)
Trading Update

19-Jul-2024 / 12:23 CET/CEST


 

19 July 2024

United Utilities Group PLC

Trading Update

United Utilities continues to deliver strong operating performance, resulting in no material changes to 2024/25 financial guidance.

Strong environmental performance: We are highly confident we will be awarded four-star status in the Environment Agency's annual Environmental Performance Assessment (EPA) for 2023, with confirmation expected shortly. Based on performance in the first half of the year, we are also on track to achieve four-star status in the 2024 EPA.

AMP8 capital delivery: In addition to the two strategic optimisation partnerships announced in May, we have entered into agreements with seven leading engineering and infrastructure businesses, as well as eighteen detailed design and build organisations. This positions us well, with strong partnerships underpinning the deliverability of our AMP8 investment programme.

Financial performance in line with expectations: There has been no material change to financial guidance since our results announcement in May. We remain on track to deliver a net customer ODI reward for 2024/25 at least inline with 2023/24 - our highest customer ODI reward to date.

PR24 Draft Determination: Ofwat published a draft determination for United Utilities Water on 11th July. We will provide a market update in early September, after submitting our response to Ofwat on 28 August 2024. We look forward to continued constructive dialogue as we approach the Final Determination in December 2024.

Contacts

Investors and Analysts

 

Chris Laybutt, Investor Relations and Clean Energy Strategy Director

+44 7769 556 858

Jennifer Platt, Investor Relations Manager

+44 7733 064 907

Media

 

Gaynor Kenyon, Corporate Affairs Director

+44 7753 622 282

Graeme Wilson, Teneo Communications

+44 207 260 2700

 

LEI 2138002IEYQAOC88ZJ59

Classification - Trading update

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00B39J2M42
Category Code: TST
TIDM: UU.
LEI Code: 2138002IEYQAOC88ZJ59
OAM Categories: 2.1. Home Member State
Sequence No.: 335382
EQS News ID: 1950165

 
End of Announcement EQS News Service

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