REG-United Utilities Group PLC Trading Update

United UtilitiesAnnouncement

19/07/2024 11:30

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   United Utilities Group PLC (UU.)
   Trading Update

   19-Jul-2024 / 12:23 CET/CEST

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   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        +44 7769 556 858
   Strategy Director
   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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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00B39J2M42
   Category Code:  TST
   TIDM:           UU.
   LEI Code:       2138002IEYQAOC88ZJ59
   OAM Categories: 2.1. Home Member State
   Sequence No.:   335382
   EQS News ID:    1950165


    
   End of Announcement EQS News Service

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