Severn Trent PLC Severn Trent Plc Trading Statement (2826F)
July 15 2021 - 2:00AM
UK Regulatory
TIDMSVT
RNS Number : 2826F
Severn Trent PLC
15 July 2021
Severn Trent Plc Trading Update
Severn Trent Plc today announces the following trading update
for the period to 15 July 2021.
Good underlying operational performance
We have made a strong start to the year operationally, focused
on delivering a great service for our customers, and are confident
of achieving at least GBP40 million positive net outperformance on
customer outcome delivery incentives.
On our capital schemes, we are on track to invest GBP550 -
GBP650 million this year, including our Green Recovery
projects.
Financial performance on track
Overall, we have made a good start to the financial year and
confirm there has been no material change to our current year
outlook since our full-year 2020/21 results presentation on 19 May
2021. The Board continues to expect that the Group will deliver its
full-year trading performance in line with the guidance
provided.
Supporting the long-term
We remain on track to deliver our Net Zero ambitions by 2030
through our Triple Carbon Pledge. We outlined our progress in our
standalone Sustainability Report, in which we described the
developments we have made in the last year as we strive to be an
organisation that makes a positive impact on the environment and
within the communities in which we operate.
We plan to host our Capital Markets Day on 24 September 2021 to
outline our plans and strategy for the future.
Our half-year results announcement will be released on 23
November 2021.
Enquiries
Investors & Analysts
Stuart Howell Severn Trent Plc +44 (0) 7703 718361
Head of Investor Relations
Selina Soma Severn Trent Plc +44 (0) 7976 938604
Investor Relations Manager
Media
Jonathan Sibun Tulchan Communications +44 (0) 207 353 4200
Press Office Severn Trent Plc +44 (0) 247 771 5640
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', 'estimates'
or words with a similar meaning, 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 and Accounts
(which have not been updated since the date of its publication);
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. This document speaks as at the date of
publication. Save as required by applicable laws and regulations,
Severn Trent does not intend to update any forward-looking
statements and does not undertake any obligation to do so. Past
performance of securities of Severn Trent Plc cannot be relied upon
as a guide to the future performance of securities of Severn Trent
Plc.
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).
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END
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