United Utilities (LON: UU.) says 2024-25 trading is in line with expectations. Management plans to submit its response to Ofwat’s draft determination on 28 August and final determination is expected in December.
The water business secured two strategic optimisation partnerships earlier in the year and since May it has entered agreements with seven leading engineering and infrastructure businesses and 18 design and build organisations. This will enable the delivery of the AMP8 investment programme.
Unitied Utilities is on track to achieve four-star status in the 2024 Environmental Performance Assessment. However, earlier in the week it was announced that it will be included in Ofwat’s wastewater treatment investigation.
Consensus forecast pre-tax profit forecast is £382.8m, with a further improvement to £573.4m forecast for next year. The share price dipped 0.4% to 1024.25p.