Severn Trent (SVT)

Sector:

Utilities

Index:

FTSE 100

2,575.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 2,588.00
  • 52 Week Low: 1,905.50
  • Currency: UK Pounds
  • Shares Issued: 237.95m
  • Volume: 51,051
  • Market Cap: £6,127m
  • RiskGrade: 123

Severn Trent profit stumbles as costs mount

By Duncan Ferris

Date: Thursday 21 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Severn Trent on Thursday reported a drop in interim profit as infrastructure costs offset an increase in revenue, though the company still raised its dividend.
The FTSE 100-listed company booked a profit before tax of £180.7m for the six months ended 30 September, which was down by 11% on the same period last year.

Even so, the utility company hiked its half-year dividend by 7.0% to 40.03p per share.

Severn attributed the profit drop to a 17.0% jump in infrastructure costs to £75.6m, with the figure also impacted by a fall in earnings from property sales of 66% to reach £6.2m.

Revenues meanwhile edged 3.0% higher to £910.0m following tariff increases in the regulated water and waste water segments.

In parallel, turnover from the business services division climbed by 15.0% following the rapid integration of its Agrivert food waste acquisition, which was snapped up for £120.0m in November 2018.

Severn Trent reiterated full year guidance, with turnover still on course to come in between £161bn and £1.64bn and profit before interest and tax, excluding property, in line to grow from last year's £44.0m.

Chief executive Liv Garfield said: "This has been another six month period where we have delivered for all of our stakeholders through strong performance, continued investment and environmental improvement, helping us to fulfil our goal of being the most trusted water company in England."

Severn Trent shares were down by 1.11% at 2,311.00p at 0808 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Severn Trent Market Data

Currency UK Pounds
Share Price 2,575.00p
Change Today -8.00p
% Change -0.31 %
52 Week High 2,588.00
52 Week Low 1,905.50
Volume 51,051
Shares Issued 237.95m
Market Cap £6,127m
RiskGrade 123

Severn Trent Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.96% below the market average60.96% below the market average60.96% below the market average60.96% below the market average60.96% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
80.87% above the market average80.87% above the market average80.87% above the market average80.87% above the market average80.87% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
47.58% above the market average47.58% above the market average47.58% above the market average47.58% above the market average47.58% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
7.08% below the market average7.08% below the market average7.08% below the market average7.08% below the market average7.08% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 8
Sell 1
Strong Sell 3
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Severn Trent Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 13-Jun-19
Paid 03-Jan-20 19-Jul-19
Amount 40.03p 56.02p

Trades for 20-Jan-2020

Time Volume / Share Price
10:14 29 @ 2,575.00p
10:12 26 @ 2,576.00p
10:12 51 @ 2,575.00p
10:12 173 @ 2,575.00p
10:12 23 @ 2,575.00p

Severn Trent Key Personnel

CEO Olivia (Liv) Garfield
CFO James Bowling

Top of Page