National Grid published strong FY22/23 earnings (year ended March 31) reaffirming the strength of its business mix during inflationary periods. The group completed its strategic pivot with the disposal of 60% of the UK Gas assets to focus mainly on electricity transmission/distribution over an intensive 2026 £40bn capex plan. The outlook over the five-year period 2020/21 to 2025/26 remains unchanged.
22 May 2023
FY22/23: High visibility on inflation-protected results
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FY22/23: High visibility on inflation-protected results
National Grid plc (NG:LON) | 1,054 -58 (-0.5%) | Mkt Cap: 39,215m
- Published:
22 May 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3
National Grid published strong FY22/23 earnings (year ended March 31) reaffirming the strength of its business mix during inflationary periods. The group completed its strategic pivot with the disposal of 60% of the UK Gas assets to focus mainly on electricity transmission/distribution over an intensive 2026 £40bn capex plan. The outlook over the five-year period 2020/21 to 2025/26 remains unchanged.