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Severn Trent ( (GB:SVT) ) has shared an update.
Severn Trent Plc has announced its trading update and acceptance of the PR24 Final Determination for the period 2025-2030. The company is on track to achieve a strong financial performance for the current year and anticipates meeting its guidance, including a net ODI reward of over £100 million. The Final Determination will allow Severn Trent to invest £14.9 billion in infrastructure improvements, environmental initiatives, and customer service, including reducing spills and pollutions, and achieving operational Net Zero by 2030. The company plans to maintain competitive customer bills while supporting a significant portion of its customer base with an affordability package. The dividend policy for the upcoming period will align with CPIH growth, maintaining attractive returns for shareholders.
More about Severn Trent
Severn Trent Plc operates in the water utility industry, primarily providing water and waste management services. The company focuses on delivering water supply and treatment solutions, maintaining infrastructure, and ensuring environmental sustainability within its service regions.
YTD Price Performance: 0.68%
Average Trading Volume: 644,979
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £7.58B
For a thorough assessment of SVT stock, go to TipRanks’ Stock Analysis page.
