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Iain Gilbert Sharecast News
08 Feb, 2023 07:17

Severn Trent delivers 'strong service' amid dry summer and 'challenging' winter

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Severn TrentSharecast graphic / Josh White

Severn Trent

2,849.00p

16:00 20/03/23
1.28%
36.00p

Water supply company Severn Trent said on Wednesday that it had continued to deliver "a strong service" for its customers despite the driest summer on record and a "challenging" winter.

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Severn Trent stated there has been "no material changes" to its current year business performance or outlook since its interim results on 22 November and noted that its guidance for 2022-23 remained unchanged.

Based on its initial view, the FTSE 100-listed group said it was confident in its ability to achieve four-star status in the Environment Agency's 2022 environmental performance assessment - the fourth consecutive year it has achieved the highest rating.

"For the second year running we are proud to have been recognised by Ofwat in its most recent assessment as the only water and sewerage company in the leading category for both performance and financial resilience," added Severn Trent.

Reporting by Iain Gilbert at Sharecast.com

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