The latest update is out from Pennon Group plc ( (GB:PNN) ).
Pennon Group plc’s trading update for the year ending 31 March 2025 indicates that financial performance is in line with management expectations, despite challenges such as lower customer demand and inflationary pressures. The company is progressing with its investment programs, including a £1bn initiative for 2025-2030, and has raised approximately £1.3bn to support its record investment plans. Additionally, Pennon is making strides in environmental performance, reducing storm overflow releases and maintaining strong water quality, while also planning new customer affordability support initiatives.
More about Pennon Group plc
Pennon Group plc operates in the utilities industry, primarily focusing on water supply and wastewater services. The company is known for its significant investment in infrastructure and environmental sustainability, aiming to provide high-quality water resources and reduce environmental impact.
YTD Price Performance: -0.29%
Average Trading Volume: 2,222,166
Technical Sentiment Signal: Buy
Current Market Cap: £2.14B
See more insights into PNN stock on TipRanks’ Stock Analysis page.