LONDON (ShareCast) - Water Group Severn Trent (LSE: SVT.L) said trading has been in line with expectations but its customer debt and cash collection performance remains a "risk" to its outlook for the year.
The group said given the current economic climate, it continues to closely monitor its customer debt and cash collection performance.
"Whilst we have not experienced any material deterioration over the period to date, this remains a risk to our outlook over the remainder of the year," it said.
The group said it has previously noted a decline in consumption across its measured income base. It expects this to continue and estimates it will impact revenues by around £12-£14m in the current financial year.
The group said in Water, Technologies & Services performance in the first quarter has seen continued growth over the same period last year.
"Some mature markets for operating services are showing signs of slower growth, but other markets and order book for water purification products remain strong," it added.
Source: http://uk.biz.yahoo.com/080722/214/i3kvt.html
