Business
Trading Update for the period 1 Oct to 31 Dec 2016
Trading Update for the period 1 Oct to 31 Dec 2016.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 5246V Severn Trent PLC 31 January 2017 \n\n \nSevern Trent Plc\n \nTrading Update for the period 1 October to 31 December 2016\n \n \nSevern Trent, a leading UK water and waste water company, today announces its trading update for the three months to 31 December 2016. \nAfter a strong operational performance in the third quarter, Severn Trent now expects net customer Outcome Delivery Incentive (ODI) rewards for the full-year 2016/17 to be ahead of previous guidance of £15 million. Whilst there remain two unpredictable winter months ahead, Severn Trent now expects to at least meet or exceed the level achieved last year (£23.2 million, pre-tax at 12/13 prices).\n \nThere has been no material change to other technical guidance for the full year and Severn Trent confirms that it continues to perform in line with expectations.\n \nLiv Garfield, Chief Executive, said: \n \n\"We are pleased with our third-quarter performance which is testament to the hard work and dedication of our colleagues. While there remains much to do, we are making progress towards our goals of providing an outstanding customer experience, best-value service, and environmental leadership. We remain committed to delivering our £670 million totex efficiency target in this regulatory period, and achieving the lowest possible cost of finance for our business. We will provide a further update on progress towards these goals at our full-year results.\"\n \nSevern Trent Plc will announce its full-year 2016/17 results for the year ending 31 March 2017 on 23 May 2017.\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\nRuban Chandran\n\n\nSevern Trent Plc\n\n\n+44 (0) 7957 166615\n\n\n\n\nHead of Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRichard Tunnicliffe\n\n\nSevern Trent Plc\n\n\n+44 (0) 7834 419722\n\n\n\n\nInvestor Relations Manager\n\n\n\n\n\n\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\nJonathan Smith\n\n\nSevern Trent Plc\n\n\n+44 (0) 7850 602223\n\n\n\n\nExternal Communications Manager\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJonathan Sibun\n\n\nTulchan Communications\n\n\n+44 (0) 207 353 4200\n\n\n\n\n \n\n\nCautionary statement regarding forward-looking statements\n \nThis document contains statements that are,...