Severn Trent PLC

Severn Trent PLC (LSE: SVT) is an FTSE 100 index listed Company that offers fresh, clean drinking water to over eight million people daily, totaling about two billion liters. Once used, they collect, clean, and treat the water before safely returning it to the environment. To sustain this service for the future, the company has invested over GBP 6 billion between 2020 and 2025 in new and existing infrastructure such as pipes, treatment facilities, and reservoirs. The company’s renewable power sources include wind turbines, solar panels, and the anaerobic digestion of specifically grown crops, treated waste, and unsuitable food.

H1 FY24 Update (Released on 22 November 2023)

• Income Statement Update: The company reported a turnover of GBP 1,080 million in H1 FY24. The EBITDA for the period was GBP 24.7 million.
• Outlook Update: The company anticipates securing ODI (Outcome Delivery Incentives) rewards totalling at least GBP 50 million this year. The company is on course to exceed end-of-AMP ODIs, with an estimated additional reward of GBP 40 million to GBP 50 million anticipated beyond the performance for year five ODI.
• Investment Update: The company witnessed the most substantial year of capital investment, allocating approximately GBP 1 billion to enhance the network, with roughly GBP 200 million designated for the Green Recovery initiative. Capital investment in the initial six months amounted to GBP 477 million, marking a 77% increase compared to H1 of 2022/23. The company extended the societal strategy to a third location, Coventry, aligning with the commitment to assist 100,000 individuals in lifting themselves out of poverty by 2032.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Severn Trent PLC (LSE: SVT) was trading at the closing market price of GBX 2,674.00 (as on 22 November 2023)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 22 November 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.