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Severn Trent: debt and political risks are high

A capital raise enabled it to bring forward investment plans and lower its net debt
May 22, 2024
  • Dividend increased in line with inflation
  • Adjusted EPS up 36 per cent

Severn Trent (SVT) continues its costly infrastructure rebuild. Full-year investment is up, earnings are increasing, and its effective interest cost is falling, yet group chief executive Liv Garfield has been forced to defend her compensation package after sewage spills by the utility rose by a third in 2023. 

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