19 July
2024
United
Utilities Group PLC
Trading
Update
United Utilities
continues to deliver strong operating performance, resulting in no
material changes to 2024/25 financial guidance.
Strong
environmental performance: We are highly confident we will
be awarded four-star status in the Environment Agency's annual
Environmental Performance Assessment (EPA) for 2023, with
confirmation expected shortly. Based on performance in the first
half of the year, we are also on track to achieve four-star status
in the 2024 EPA.
AMP8 capital
delivery: In addition to the two
strategic optimisation partnerships announced in May, we have
entered into agreements with seven leading engineering and
infrastructure businesses, as well as eighteen detailed design and
build organisations. This positions us well, with strong
partnerships underpinning the deliverability of our AMP8 investment
programme.
Financial
performance in line with expectations: There has been no material
change to financial guidance since our results announcement in May.
We remain on track to deliver a net customer ODI reward for 2024/25
at least inline with 2023/24 - our highest customer ODI reward to
date.
PR24 Draft
Determination: Ofwat published a draft
determination for United Utilities Water on 11th July.
We will provide a market update in early September, after
submitting our response to Ofwat on 28 August 2024. We look forward
to continued constructive dialogue as we approach the Final
Determination in December 2024.
Contacts
|
Investors and Analysts
|
|
|
Chris Laybutt, Investor Relations
and Clean Energy Strategy Director
|
+44 7769 556 858
|
|
Jennifer Platt, Investor Relations
Manager
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+44 7733 064 907
|
|
Media
|
|
|
Gaynor Kenyon, Corporate Affairs
Director
|
+44 7753 622 282
|
|
Graeme Wilson, Teneo
Communications
|
+44 207 260 2700
|
LEI 2138002IEYQAOC88ZJ59
Classification -
Trading update
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