United Utilities Group PLC Maintains Strong Performance

United Utilities Group PLC has released a trading update, highlighting steady operating performance and no significant changes to the financial guidance for 2024/25. The company continues to demonstrate robust environmental performance and anticipates receiving four-star status in the Environment Agency's Environmental Performance Assessment (EPA) for 2023, with similar expectations for 2024.

The company has strengthened its AMP8 capital delivery program by partnering with seven top engineering and infrastructure firms and eighteen detailed design and build organizations, ensuring a solid foundation for future investments.

Financial metrics remain stable, with expectations of delivering a net customer ODI reward at least in line with the previous year. This follows the company's highest customer ODI reward to date in 2023/24.

The recent PR24 Draft Determination by Ofwat was published on July 11. United Utilities will update the market in September after submitting its response to Ofwat on August 28. The company anticipates continued constructive discussions leading up to the Final Determination in December 2024.