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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  United Utilities    UU.   GB00B39J2M42

UNITED UTILITIES

(UU.)
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Delayed Quote. Delayed London Stock Exchange - 06/19 11:35:12 am
820 GBp   -1.06%
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United Utilities : Dry summer hits United Utilities' fiscal 2018 earnings

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03/26/2019 | 02:58am EDT

(Reuters) - Water supplier United Utilities said on Tuesday its annual operating earnings would be hit by costs stemming from dry weather in the summer of 2018 although it still expected underlying profit to rise compared to the previous year.

The company also forecast higher revenue for the year ending March 31 as utilities in Britain benefit from outcome delivery incentives (ODIs) paid by regulator Ofwat for meeting or exceeding targets including project completions.

United Utilities, which supplies water to 3 million homes and 200,000 businesses in the north-west of England, said trading was in line with its expectations for the year ending in March 31.

But the FTSE 100-listed company added that adjusted items, which includes costs due to internal restructuring and the dry conditions which have afflicted some parts of the UK in recent years, would total 52 million pounds for the year.

United Utilities warned in November that an extreme period of hot and dry weather during the summer had caused significant strain on its water resources and network, with reservoir levels running "extremely low".

The extreme conditions caused cracked pipelines last year, leading to fines from Ofwat for failing to take adequate measures to control water leakages.

United Utilities said its underlying net finance expenses would be 45 million lower than a year earlier as inflation dipped but net debt as of the end of March would see a small rise compared to Sept. 30 as it invests in its asset base.

(Reporting by Muvija M in Bengaluru; editing by Patrick Graham)

Stocks mentioned in the article
ChangeLast1st jan.
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
UNITED UTILITIES -1.06% 820 Delayed Quote.11.38%
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Financials (GBP)
Sales 2020 1 880 M
EBIT 2020 721 M
Net income 2020 387 M
Debt 2020 7 128 M
Yield 2020 4,96%
P/E ratio 2020 14,70
P/E ratio 2021 17,34
EV / Sales 2020 6,82x
EV / Sales 2021 7,26x
Capitalization 5 692 M
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Technical analysis trends UNITED UTILITIES
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 8,54  GBP
Spread / Average Target 2,3%
EPS Revisions
Managers
NameTitle
Steven Lewis Mogford Chief Executive Officer & Executive Director
John David Gibson McAdam Non-Executive Chairman
Steven Richard Fraser Chief Operating Officer & Executive Director
Sara Vivienne Weller Independent Non-Executive Director
Brian Michael May Independent Non-Executive Director
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