Severn Trent PLC SVT Digital, Innovation & Technology showcase (4929A)
March 27 2017 - 2:01AM
UK Regulatory
TIDMSVT
RNS Number : 4929A
Severn Trent PLC
27 March 2017
Severn Trent Digital, Innovation & Technology showcase event
-
London, 27 March 2017
Unleashing digital to unlock value
Severn Trent Plc will today host a Digital, Innovation &
Technology event for investors and market commentators in London.
The event will demonstrate how the company is utilising the
capabilities that digital technology provides to drive value for
customers, colleagues and shareholders.
By using cutting-edge digital technology and innovation Severn
Trent is driving improvements in customer outcome delivery
incentives, developing a more efficient workforce, and underpinning
its ability to generate totex efficiencies.
Digital technology is also being used to enhance Severn Trent's
understanding of its network and prioritise investments to position
its asset base for the current and future regulatory periods.
Liv Garfield, Chief Executive Severn Trent Plc, said:
"I am delighted to be showcasing how we are truly digital in
what has been perceived to be an analogue sector and driving clear
value for all our stakeholders. Being at the frontier of adopting
digital technology and innovation positions ourselves to drive
value in our company which leads to a better experience for our
customers and strong financial rewards for our shareholders.
Digital technology and innovation enables us to provide our core
products; water, waste and retail services at the right costs and
to the right quality. It makes us work more efficiently, helps
manage our energy costs, and optimises the way we buy and use
consumables. It also helps to reduce our cost to serve and bad debt
management.
We are committed to maintaining our upper-quartile position
versus our peers in our waste business and moving to upper quartile
in our water and retail business, and I am excited to be able to
show just how digital is being used to do this. By pushing forward
with technological advancements - all of which pay back under two
years - we believe we can continually drive down costs and risks in
our business and build an enduring track record of high operational
and financial performance now and into the future."
- No new material on current trading performance will be
provided as part of this event.
- Presentation materials will be made available at the end of
the day at www.severntrent.com
Enquiries
Ruban Chandran Severn Trent Plc +44 (0) 795 716 6615
Head of Investor Relations
Richard Tunnicliffe Severn Trent Plc +44 (0) 783 441 9722
Investor Relations Manager
This information is provided by RNS
The company news service from the London Stock Exchange
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