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Pennon Group PLC (PNN)

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Tuesday 17 February, 2009

Pennon Group PLC

Interim Management Statement

RNS Number : 4063N
Pennon Group PLC
17 February 2009
 

17 February 2009


PENNON GROUP PLC


INTERIM MANAGEMENT STATEMENT


Financial performance at Pennon Group Plc since 1 October 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 is preparing its Final Business Plan which it will submit to Ofwat at the beginning of April.


Viridor remains confident of delivering continued full year growth in operating profit before intangibles despite current economic conditions


During the period, the Board was pleased to announce the appointment of Martin Angle as a Non-Executive Director with effect from 1 December 2008.  


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 Preliminary Results on Tuesday, 2 June 2009.


For further information, please contact:

 

Pennon

Jo Finely - Investor Relations Manager        01392 443401


Finsbury : 

Sally Hogan                                                  0207 251 3801         





17 February 2009 


www.pennon-group.co.uk


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