Severn Trent says outlook for 2019 unchanged
U.K. water company Severn Trent PLC (SVT.LN) said Wednesday that its outlook for fiscal 2019 remains unchanged.
Severn Trent said it is on track with its 100 million pounds ($130.9 million) investment plan previously announced in May.
The company also said it is confident of presenting a plan for AMP7, the regulatory period for 2020 to 2025, in September. Severn Trent said it remains supportive of the approach of U.K. water regulator Ofwat.
Severn Trent said it has made a "good start" to its financial year in the period from April 1 to July 18 and there hasn’t been any material change to its outlook.
Severn Trent had previously guided for regulated water-and-waste water turnover of GBP1.62 billion to GBP1.65 billion for fiscal 2019, compared with GBP1.57 billion in fiscal 2018. Severn Trent also forecast growth in its business services turnover from GBP139 million in fiscal 2018.
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