United Utilities reported weak results for FY22/23, which were in line with the consensus expectations. The decline in revenue and EBIT was a result of lower-than-expected consumption and increased inflationary pressure on core costs. Looking ahead to FY23/24, the company anticipates an increase in regulatory revenue due to the inflation linkage. Additionally, United Utilities has announced a capex range of £720m to £800m to address additional investments.
25 May 2023
FY22/23: cost inflation weighs on the margin
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FY22/23: cost inflation weighs on the margin
United Utilities Group PLC (UU:LON) | 1,032 160 1.5% | Mkt Cap: 7,037m
- Published:
25 May 2023 -
Author:
Loco Douza -
Pages:
3
United Utilities reported weak results for FY22/23, which were in line with the consensus expectations. The decline in revenue and EBIT was a result of lower-than-expected consumption and increased inflationary pressure on core costs. Looking ahead to FY23/24, the company anticipates an increase in regulatory revenue due to the inflation linkage. Additionally, United Utilities has announced a capex range of £720m to £800m to address additional investments.