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17 Jul 2019 | 07:12

Severn Trent trading in line after 'good' start to year

Water utility Severn Trent said it had made a 'good' start to the new financial year and expected to deliver a full-year result in line with prior guidance.

In trading update for the period running from 1 April to 17 July, the company said it remained on track to deliver at least £25m in customer ODI outperformance payments this year.

It had also generated 123Gwh from its own renewable sources, equivalent to 52% of its energy needs, positioning the company on the right run rate to exceed its 50% target for the year.

'This is an important step in our triple carbon pledge for 2030, 20 years ahead of the recent government commitment,' Severn Trent said.

Story provided by StockMarketWire.com
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