Severn Trent trading in line

21st Jul 2009 07:13

Water firm Severn Trent said trading has been in line with its expectations and prior guidance, though decline in consumption will hit revenues slightly.The group said the decline in consumption across its measured income base has continued at similar levels to 2008/09 and it estimates this will impact revenues by around £15-£20m the current financial year.Sales prices in Severn Trent Water increased by 5.3% (including inflation) from 1 April 2009 to 21 July.Net capital expenditure (UK GAAP after deducting grants and contributions) for the year will be around £610-£630m. The level of net infrastructure renewals expenditure included in this figure (charged to the income statement under IFRS) is anticipated to be around £100m-£110m.