Severn Trent PLC Trading Update for the period 1 Oct to 31 Dec 2015 (8666N)
February 03 2016 - 2:00AM
UK Regulatory
TIDMSVT
RNS Number : 8666N
Severn Trent PLC
03 February 2016
Severn Trent Plc
Trading Update for the period 1 October to 31 December 2015
Severn Trent, one of the leading water and waste water companies
in the UK, today announces trading for the 9 months to 31 December
2015.
Guidance for the net reward from ODIs for this financial year is
increased to GBP15million. Other than that, Severn Trent confirms
that it continues to perform in line with expectations and there
has been no material change to the technical guidance for the full
year.
Liv Garfield, Chief Executive, said: "Our customers are at the
heart of all we do and we continue to invest in operational
improvements to build a better business for our customers,
colleagues and shareholders. I am delighted to see all this hard
work is translating into a net ODI benefit, at this stage, of
GBP15million for the full year. Having locked in the savings set
out in our Final Determination we are working hard to identify
further efficiencies, while continuously improving our services,
and will provide a further update with our results in May. There
remains much to do, but this year is shaping up to be a great start
to the current regulatory period."
Severn Trent Plc will announce its Preliminary Results for the
period ending 31 March 2016 on 24 May 2016.
Enquiries
Investors & Analysts
Severn Trent 0207 353 4200 (on
David Lloyd-Seed Plc the day)
Interim Head of Investor
Relations 02477 715000
Severn Trent 0207 353 4200 (on
Richard Tunnicliffe Plc the day)
Investor Relations
Manager 02477 715000
Media
Severn Trent 0207 353 4200 (on
Simon Harris Plc the day)
Head of Communications 02477 71500
Martha Walsh/Chris
Hughes Tulchan Communications 0207 353 4200
Cautionary statement regarding Forward Looking Statements
This document contains statements that are, or may be deemed to
be, 'forward-looking statements' with respect to Severn Trent's
financial condition, results of operations and business and certain
of Severn Trent's plans and objectives with respect to these
items.
Forward-looking statements are sometimes, but not always,
identified by their use of a date in the future or such words as
'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would',
'should', 'expects', 'believes', 'intends', 'plans', 'projects',
'potential', 'reasonably possible', 'targets', 'goal' or
'estimates' and, in each case, their negative or other variations
or comparable terminology. Any forward-looking statements in this
document are based on Severn Trent's current expectations and, by
their very nature, forward-looking statements are inherently
unpredictable, speculative and involve risk and uncertainty because
they relate to events and depend on circumstances that may or may
not occur in the future.
Forward-looking statements are not guarantees of future
performance and no assurances can be given that the forward-looking
statements in this document will be realised. There are a number of
factors, many of which are beyond Severn Trent's control that could
cause actual results, performance and developments to differ
materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to: the
Principal Risks disclosed in our latest Annual Report (which have
not been updated since); changes in the economies and markets in
which the group operates; changes in the regulatory and competition
frameworks in which the group operates; the impact of legal or
other proceedings against or which affect the group; and changes in
interest and exchange rates.
All written or verbal forward-looking statements, made in this
document or made subsequently, which are attributable to Severn
Trent or any other member of the group or persons acting on their
behalf are expressly qualified in their entirety by the factors
referred to above. Subject to compliance with applicable laws and
regulations, Severn Trent does not intend to update these
forward-looking statements and does not undertake any obligation to
do so.
Nothing in this document should be regarded as a profits
forecast.
This document is not an offer to sell, exchange or transfer any
securities of Severn Trent Plc or any of its subsidiaries and is
not soliciting an offer to purchase, exchange or transfer such
securities in any jurisdiction. Securities may not be offered, sold
or transferred in the United States absent registration or an
applicable exemption from the registration requirements of the US
Securities Act of 1933 (as amended).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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