(Alliance News) - Severn Trent PLC on Wednesday noted no "material changes" to its full-year outlook following a strong operational performance, leading to its customer outcome delivery incentives guidance also remaining unchanged.
The Coventry, England-based water company said 90% of its customer outcome delivery incentives measures remained on or ahead of target. It has guided to deliver at least GBP75 million in customer outcome delivery incentives rewards this year.
The company will release its annual results on May 25.
Severn Trent also expressed its commitment to the improvement of river quality through key programmes such as the Water Framework Directive.
It added that it was on track to invest over GBP500 million in its Water Industry National Environment programme schemes in the current asset management period.
Shares in Severn Trent were up 1.2% at 2,937.18 pence each on Wednesday morning in London.
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Severn Trent (SVT)