Severn Trent (LSE:SVT) confirmed on Thursday that operational and financial performance for the financial year to date is in line with expectations, with first-quarter capital investment rising 22% year on year to around £440 million.
The FTSE 100 water and waste utility said it remains on track to deploy between £2.2 billion and £2.5 billion in capital expenditure across the full year of FY27, and is confident of achieving at least £50 million in total performance incentives, comprising Outcome Delivery Incentives and Price Control Deliverables, measured in nominal prices inflated to March 2026 CPIH.
Severn Trent also completed a refinancing of its core bank facilities on 17 June, increasing committed facilities to £1.65 billion spread across Severn Trent Water and the parent company, which it said reflects the strength of its position in debt financing markets.
The company will publish its interim results for FY27 on 18 November.
