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The company is performing in-line with expectations across its water and waste businesses
Pennon Group, parent company of South West Water, is “on track” to deliver a good set of results for the half year to 30 September, expected to be announced on November 29.
In a trading statement published today (25 September), Pennon said it anticipates delivering “in-line with management’s expectations across both its water and waste businesses.”
“Pennon continues to deliver a robust underlying performance for 2017/18. With our clear strategy and strong balance sheet, Pennon is well-placed to continue to deliver for customers, communities and shareholders,” the trading statement said.
In the company’s full-year results for 2016/17 it reported group EBITDA of £486 million, up 8.4 per cent on 2015/16. Pennon’s waste business Viridor delivered EBITDA of £107 million ahead of a target of around £100 million.
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