Severn Trent trading in line with expectations

(Sharecast News) - Severn Trent said on Thursday that trading remained in line with expectations after a strong start to the 2027 financial year, leaving the water utility confident of delivering at least £50m of total performance incentives during the year. The FTSE 100 group said it invested around £440m in the first quarter, up 22% on the same period last year, and remains on track to deliver between £2.2bn and £2.5bn of capital expenditure across FY27.

It also highlighted the completion of a refinancing of its core bank facilities on 17 June, increasing committed facilities to £1.65bn across Severn Trent Water and Severn Trent Plc.

The firm said the refinancing underpinned its liquidity position and reflected continued strength in debt financing markets, with interim results due to be reported on 18 November.

At 0936 BST, shares in Severn Trent were down 0.07% at 2,960p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate