Pennon Group plc (GB:PNN) has released an update.
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Pennon Group plc has made significant operational progress with the integration of SES Group, a reshaping of the business for cost savings, and notable investments in water quality and resources. The company has encountered some challenges, such as a cryptosporidium incident and high rainfall affecting storm overflow spills, but has continued to support customers and invest in environmental initiatives. Financially, H1 2024/25 results show stable revenue and costs, with non-underlying costs at around £32m, and the outlook for the year includes continued investment in infrastructure and efficiency savings.
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