United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,104.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 1,176.50
  • 52 Week Low: 968.40
  • Currency: UK Pounds
  • Shares Issued: 955.90m
  • Volume: 215,078
  • Market Cap: £10,553m
  • RiskGrade: 118

United Utilities sees higher finance charges offset modest FY revenue growth

By Iain Gilbert

Date: Thursday 26 May 2022

LONDON (ShareCast) - (Sharecast News) - Water supply company United Utilities has reported an 8.3p loss per share for the year ended 31 March, down from earnings of 66.5p per share a year earlier, as higher finance charges offset modestly improved annual revenues.
United Utilities said full-year revenues had risen from £1.80bn to £1.86bn, while reported and underlying operating profits grew 1.3% to £610.0m.

Underlying pre-tax profits came to £301.9m, £158.0m lower than in the prior year, as a £7.9m increase in underlying operating profits and a £7.5m decrease in the share of losses of joint ventures was more than offset by a £174.0m increase in underlying net finance expenses. Reported pre-tax profits fell by £111.0m to £439.9m.

The FTSE 100-listed firm declared a total dividend per ordinary share of 43.5p, slightly higher than the 43.24p FY dividend declared at the same time a year earlier.

United noted that household bad debt had returned to 1.8% of regulated revenue, lower than the 2.2% a year earlier and consistent with levels achieved by the group prior to the Covid-19 pandemic.

The group also added that although inflation had increased operating costs and net finance expense in the trading year, it had also led to a higher level of financing outperformance and, together with a £765.0m additional investment announced beyond the scope of its final determination, was projected to lead to higher regulatory capital value growth over the 2020-25 period.

As of 0825 BST, United Utilities shares were down 5.89% at 1,047.0p.



Reporting by Iain Gilbert at Sharecast.com

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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.

 

United Utilities Market Data

Currency UK Pounds
Share Price 1,104.00p
Change Today 6.00p
% Change 0.55 %
52 Week High 1,176.50
52 Week Low 968.40
Volume 215,078
Shares Issued 955.90m
Market Cap £10,553m
RiskGrade 118

United Utilities Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.48% below the market average37.48% below the market average37.48% below the market average37.48% below the market average37.48% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend Not Available
Income
43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average43.09% 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
Growth
68.65% below the market average68.65% below the market average68.65% below the market average68.65% below the market average68.65% 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

What The Brokers Say

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

United Utilities Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Jun-22 16-Dec-21
Paid 01-Aug-22 01-Feb-22
Amount 29.00p 14.50p

Trades for 08-Aug-2022

Time Volume / Share Price
14:34 1 @ 1,104.00p
14:34 254 @ 1,104.50p
14:34 7 @ 1,104.50p
14:32 913 @ 1,104.00p
14:32 109 @ 1,104.00p

United Utilities Key Personnel

CEO Steven L Mogford
Chair David Higgins
CFO Phil Aspin

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