REG - United Utilities Grp - Trading Update

United UtilitiesAnnouncement

19/07/2024 11:45

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RNS Number : 0271X  United Utilities Group PLC  19 July 2024

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 11(th) 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                            +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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