Business
Trading Update for the period 1 Oct to 31 Dec 2015
Trading Update for the period 1 Oct to 31 Dec 2015.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 8666N Severn Trent PLC 03 February 2016 \n\nSevern Trent Plc\nTrading Update for the period 1 October to 31 December 2015\n \nSevern Trent, one of the leading water and waste water companies in the UK, today announces trading for the 9 months to 31 December 2015.\n \nGuidance for the net reward from ODIs for this financial year is increased to £15million. 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.\n \nLiv 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 £15million 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.\"\n \nSevern Trent Plc will announce its Preliminary Results for the period ending 31 March 2016 on 24 May 2016.\n \n \n\n\n\n\nEnquiries\n\n\n\n\n\n\n\n\n\n\nInvestors & Analysts\n\n\n\n\n\n\n\n\n\n\nDavid Lloyd-Seed\n\n\nSevern Trent Plc\n\n\n0207 353 4200 (on the day)\n\n\n\n\nInterim Head of Investor Relations\n\n\n\n\n\n02477 715000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRichard Tunnicliffe\n\n\nSevern Trent Plc\n\n\n0207 353 4200 (on the day)\n\n\n\n\nInvestor Relations Manager\n\n\n\n\n\n02477 715000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMedia\n\n\n\n\n\n\n\n\n\n\nSimon Harris\n\n\nSevern Trent Plc\n\n\n0207 353 4200 (on the day)\n\n\n\n\nHead of Communications\n\n\n\n\n\n02477 71500\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMartha Walsh/Chris Hughes\n\n\nTulchan Communications\n\n\n0207 353 4200\n\n\n\n\n \n \nCautionary statement regarding Forward Looking Statements\n \nThis 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 certai...