United Utilities reported FY19/20 results with underlying figures in line with our assumptions but the reported figures much lower due to one-offs. It exited the 2015-20 regulated period with totex outperformance of £100m and ODI outperformance of £44m. The company will pay its FY19/20 dividends but is reviewing the dividend payment for AMP7. We will be adjusting our model to account for AMP7.
26 May 2020
FY19/20: impacted by one-offs; future dividends under review
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FY19/20: impacted by one-offs; future dividends under review
United Utilities Group PLC (UU:LON) | 1,029 -169.8 (-1.6%) | Mkt Cap: 7,018m
- Published:
26 May 2020 -
Author:
Sejal Varshney -
Pages:
2
United Utilities reported FY19/20 results with underlying figures in line with our assumptions but the reported figures much lower due to one-offs. It exited the 2015-20 regulated period with totex outperformance of £100m and ODI outperformance of £44m. The company will pay its FY19/20 dividends but is reviewing the dividend payment for AMP7. We will be adjusting our model to account for AMP7.