United Utilities posted a positive set of results for its FY18/19 closing in March. UU delivered in revenues and underlying EBIT and surprised on underlying net profit, which came in 6% above consensus estimates, and reported net profit +6% above our own estimates. After achieving ‘fast-track’ status from the regulator for its 2020-25 business plan, UU is now ready to ramp up investments in preparation for AMP7, the next regulatory period.
23 May 2019
FY18/19: a positive year in preparation for AMP7
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FY18/19: a positive year in preparation for AMP7
United Utilities Group PLC (UU:LON) | 1,029 0 0.0% | Mkt Cap: 7,018m
- Published:
23 May 2019 -
Author:
Jorge Velandia -
Pages:
3
United Utilities posted a positive set of results for its FY18/19 closing in March. UU delivered in revenues and underlying EBIT and surprised on underlying net profit, which came in 6% above consensus estimates, and reported net profit +6% above our own estimates. After achieving ‘fast-track’ status from the regulator for its 2020-25 business plan, UU is now ready to ramp up investments in preparation for AMP7, the next regulatory period.