6th Feb 2019 08:33
LONDON (Alliance News) - Severn Trent PLC on Wednesday said it continues to expect its full-year trading performance to be in-line with its forecasts and prior guidance.
The UK water and wastewater company said there have been no material changes to current year business performance or outlook since its half-year results publication at the end of November 2018.
The company said its guidance of a net neutral position for financial 2019 also remains unchanged.
Severn Trent highlighted that UK Customer Service Index rankings, released January, acknowledged the company's continued strong performance in the eyes of its customers, placing it in the top quartile of water industry.
Severn Trent's capital programme is progressing well and the company said it is on track to deliver its "biggest" capital spend in a decade.
In addition, Severn Trent said it now expects to announce its annual results on May 21, a day earlier than previously anticipated.
The stock was trading 0.2% lower on Wednesday at 2,003.00 pence a share.
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