Interim Management Statement

RNS Number : 1074B

Pennon Group PLC

12 August 2008

 

12 August 2008

PENNON GROUP PLC

INTERIM MANAGEMENT STATEMENT

Pennon Group Plc today reports that trading since 31 March 2008 has been in line with management expectations.

South West Water is now in the fourth year of the K4 period (2005 - 2010) and remains on target to meet the current regulatory contract.  As part of the K5 planning process the company published its Draft Business Plan yesterday.   A public domain version can be found on the Pennon website,  www.pennon-group.co.uk ; (the Plan can be found under 'Our core businesses / South West Water / Regulation / PR09').  

As outlined at our Preliminary Results in June, Viridor remains confident of delivering continued full year growth in operating profit before intangibles.  Financial performance to date has been consistent with that statement.

It was with deep regret that we reported in July the death of Kate Mortimer, a Non-Executive Director. The process for the recruitment of a new Non-Executive Director to replace Kate is underway.

Further information on Pennon, South West Water and Viridor can be found on the Group's website, www.pennon-group.co.uk

Pennon intends to announce its Half Year Results on Thursday, 27 November 2008.

For further information, please contact:

Pennon

David Dupont - Group Director of Finance                 01392 443998

 

Finsbury                                                         

Mark Harris                                                                  0207 251 3801                       

Sally Hogan

 

END

 

 

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