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Severn Trent Interim results - six months to 30 September 2019

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idpickering
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Severn Trent Interim results - six months to 30 September 2019

#265914

Postby idpickering » November 21st, 2019, 7:16 am

Operationally strong

− Customer and community focus reflected in encouraging results from shadow reporting of C-MeX, the new customer service measure for AMP7

− Strong performance in Water driven by improvement in measures our customers care about the most

− On track to hit our leakage target for the eighth time in nine years, improve supply interruptions by at least 40% this year, and deliver a 25% reduction in water quality complaints over the AMP1

− Continuing leadership in Waste, with £190 million in waste customer ODIs earned over four years and on track to deliver substantial environmental schemes to improve 1,600km of rivers in our region

− Performance supports full year customer ODI guidance of at least £25 million net reward

− Continued high levels of investment, with capital expenditure of £374 million for the first half

− Reinvestment of £100 million totex outperformance progressing well, with projects such as the insourcing of our Network Response team setting us on the right glide path for a fast start in AMP7

And later;

Dividends

The Board has declared an interim ordinary dividend of 40.03p per share (2018/19: 37.35p per share), which will be paid on 3 January 2020 to shareholders on the register at 29 November 2019.


https://www.investegate.co.uk/severn-tr ... 00071288U/

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