Board Change • 1h
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director James Haslett was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 07
Pennon Group plc Announces Termination of Susan Jane Davy as Director, Effective December 31, 2025 Pennon Group Plc announced the termination of Mrs. Susan Jane Davy as director, effective December 31, 2025. Tillkännagivande • Oct 08
Pennon Group Appoints Sir Andrew Haines as Non-Executive Director with Effect from 1 November 2025 Pennon Group Plc announced the appointment of Sir Andrew Haines as a Non-Executive Director with effect from 1 November 2025. Sir Andrew brings extensive leadership experience from across the UK's transport and regulatory sectors, having most recently served as Chief Executive of Network Rail from 2018 to 2025. During his tenure at Network Rail, Sir Andrew led a major organisational restructure in preparation for the creation of Great British Railways and delivered a £4 billion efficiency programme. He has been instrumental in the successful and ongoing delivery of £10 billion of infrastructure investment between Manchester and York, and beyond. His career also includes serving as Chief Executive of the Civil Aviation Authority and holding senior roles in the rail industry, including Managing Director of South West Trains and the Rail Division of First Group plc. He was awarded an OBE in the 2016 New Year Honours and received a Knighthood in the 2025 Honours list for services to transport and the economy. Tillkännagivande • Sep 17
Pennon Group Plc to Report First Half, 2026 Results on Nov 27, 2025 Pennon Group Plc announced that they will report first half, 2026 results on Nov 27, 2025 Tillkännagivande • Jun 26
Pennon Group Plc, Annual General Meeting, Jul 24, 2025 Pennon Group Plc, Annual General Meeting, Jul 24, 2025. Location: peninsula house, rydon lane, exeter, ex2 7hr, United Kingdom Tillkännagivande • Jun 03
Pennon Group plc Recommends Final Dividend for the Year Ended March 31, 2025 Pennon Group Plc in January 2025 announced the dividend policy to 2030 of growing the base dividend in line with CPIH. As a result, they have recommended a final dividend of 19.43 pence per share for the year ended 31 March 2025. Together with the interim dividend of 12.14 pence per share paid on 4 April 2025 this gives a total dividend per share for the year of 31.57 pence. Proposed dividends per share for the 2024 comparative period have been restated and adjusted for the bonus factor of 1.21 to reflect the bonus element of the February 2025 rights issue, in accordance with IAS 33 Earnings per Share. Pennon offers shareholders the opportunity to invest their dividend in a Dividend Reinvestment Plan (DRIP). The proposed total dividend for 2024/25 is increased by 5.4% year on year to £133.7 million (2023/24: £126.9 million adjusted for £2.4 million fines). This reflects an increase in line with CPIH on the 2023/24 dividend adjusted to remove the £2.4 million one off deduction in respect of the fine from the Environmental Agency paid by SWW. Tillkännagivande • Apr 08
Pennon Group plc Appoints Andrea Blance as Non-Executive Director and Chair of the Remuneration Committee, Effective April 8, 2025 The Board of Pennon Group Plc announced that Andrea Blance has been appointed as a Non-Executive Director and Chair of the Remuneration Committee of the Company with effect from 8 April 2025. Andrea brings extensive risk and regulation expertise and is passionate about developing customer focused commercial strategies, following a long career in Financial Services. She is a Non-Executive Director and Risk Committee Chair at Aviva plc and an Advisory Board Member of The Mentoring Foundation. Andrea spent her executive career at Legal & General Group plc where she held a range of senior leadership roles including Group Chief Risk Officer and Strategy & Marketing Director. More recently, Andrea has been Risk Committee Chair at Hargreaves Lansdown plc, Senior Independent Director and Remuneration Committee Chair of Vanquis Banking Group plc, Senior Independent Director and Audit Committee Chair of ReAssure plc, and Risk Committee Chair of Scottish Widows plc and Lloyds Banking Group Insurance. Tillkännagivande • Feb 19
Pennon Group Plc has completed a Follow-on Equity Offering in the amount of £490.849925 million. Pennon Group Plc has completed a Follow-on Equity Offering in the amount of £490.849925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,928,002
Price\Range: £2.64
Discount Per Security: £0.066
Transaction Features: Regulation S; Rights Offering Tillkännagivande • Jan 30
Pennon Group Plc has filed a Follow-on Equity Offering in the amount of £490.849925 million. Pennon Group Plc has filed a Follow-on Equity Offering in the amount of £490.849925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,928,002
Price\Range: £2.64
Discount Per Security: £0.066
Transaction Features: Regulation S; Rights Offering Tillkännagivande • Jan 06
Pennon Group Plc to Report Fiscal Year 2025 Final Results on Jun 03, 2025 Pennon Group Plc announced that they will report fiscal year 2025 final results on Jun 03, 2025 Tillkännagivande • Nov 27
Pennon Group Plc Declares an Interim Dividend for the Half Year Ended 30 September 2024, Payable April 4, 2025 Pennon Group Plc announced that the Board has declared an interim dividend of 14.69 pence per share for the half year ended 30 September 2024. Record date: January 31, 2025. Payment date: April 4, 2025. Tillkännagivande • Nov 11
Pennon Group plc Announces Retirement of Claire Ighodaro CBE from Board of Directors and Chair of the Remuneration Committee, Effective December 31, 2024 Pennon Group Plc announced that Claire Ighodaro CBE will retire from the Company's Board of Directors and as Chair of the Remuneration Committee with effect from 31st December 2024. Plans are in place to appoint a Non-Executive Director and Chair of the Remuneration Committee. Upcoming Dividend • Jul 18
Upcoming dividend of UK£0.30 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 05 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%). Tillkännagivande • Jul 11
Pennon Group Plc Announces Chief Financial Officer Changes Pennon Group Plc announced that Steve Buck, Chief Financial Officer, has decided to step down for personal reasons. Steve will be succeeded by Laura Flowerdew, as the Board enacts its internal succession plan. Laura is Chief Customer and Digital Officer of Pennon Group and previously Chief Financial Officer at Bristol Water plc. This is effective July 11, 2024. Laura Flowerdew was appointed Chief Customer and Digital Officer of Pennon Group in September 2022. She was previously an executive director and Chief Financial Officer of Bristol Water plc from October 2018 including a period as Deputy CEO. Alongside her financial responsibilities her role also encompassed leading the company's transformation programme, as well as IT, HR, business services and communications. Laura previously worked in several executive positions in utilities and natural resources businesses including Bristol Energy, Anglo American and De Beers. She is a Fellow of the Institute of Chartered Accountants for England and Wales. Reported Earnings • May 22
Full year 2024 earnings released: UK£0.036 loss per share (vs UK£0 in FY 2023) Full year 2024 results: UK£0.036 loss per share (further deteriorated from UK£0 in FY 2023). Revenue: UK£907.8m (up 14% from FY 2023). Net loss: UK£9.50m (down UK£9.60m from profit in FY 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 22
Pennon Group Plc Recommends Revised Final Dividend for the Year 2023-24 Pennon Group Plc revised final dividend recommended is 30.33 pence per share for the year 2023-24. Upcoming Dividend • Jan 18
Upcoming dividend of UK£0.14 per share at 6.2% yield Eligible shareholders must have bought the stock before 25 January 2024. Payment date: 05 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.2%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.4%). Tillkännagivande • Jan 10
Pennon Group Plc has filed a Follow-on Equity Offering in the amount of £180 million. Pennon Group Plc has filed a Follow-on Equity Offering in the amount of £180 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 294,840,295
Price\Range: £0.6105
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 30
First half 2024 earnings released: EPS: UK£0.005 (vs UK£0.07 in 1H 2023) First half 2024 results: EPS: UK£0.005 (down from UK£0.07 in 1H 2023). Revenue: UK£448.6m (up 5.4% from 1H 2023). Net income: UK£1.40m (down 92% from 1H 2023). Profit margin: 0.3% (down from 4.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 29
Pennon Group Plc Declares Interim Dividend for the First Half of the Year 2023-2024, Payable on April 5, 2024 Pennon Group Plc announced that for first half of the year 2023-24 the Board has declared an interim dividend of 14.04 pence, representing an increase of 8.3% on H1 2022-23 (H1 2022-23 interim dividend of 12.96 pence). The interim dividend will be paid on 5 April 2024 to shareholders on the register on 26 January 2024. Tillkännagivande • Nov 17
Pennon Group Plc to Report First Half, 2025 Results on Nov 28, 2024 Pennon Group Plc announced that they will report first half, 2025 results on Nov 28, 2024 Tillkännagivande • Sep 01
Pennon Group plc Announces Board Changes Pennon Group plc announced at the Company's Annual General Meeting on 20 July 2023, Neil Cooper, current Senior Independent Director, will be stepping down from the Board, having served nine years with the Company and Iain Evans, Non-Executive Director, will succeed Neil as Senior Independent Director with effect from 1 September 2023. Following Neil Cooper's departure, Loraine Woodhouse, who joined the Board in December 2022, will become Chair of the Audit Committee with immediate effect. Loraine has extensive experience in financial roles and has the full support of the Board in her new role. Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €9.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 58%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 41% per annum over the same time period. Tillkännagivande • Aug 03
Pennon Group Plc Announces Chief Financial Officer Changes Pennon Group Plc announced that Paul Boote has informed the Board of his decision to step down from his role as Chief Financial Officer at the end of the calendar year. Paul's decision, made for family reasons, comes aspart of a planned relocation away from the South West. The Board also announces that following a rigorous internal and external search and selection process, Steve Buck will be appointed to the Board in November 2023 and will take up his role as Chief Financial Officer (CFO) for Pennon Group and its subsidiaries at the end of December 2023. Steve Buck is an experienced CFO and is currently on the board of Anglian Water Group as Chief Financial Officer, with a broad remit covering finance, treasury, regulation, and transformation, a role he has held for the past four years. Steve has significant regulated utilities and energy sector experience and a demonstrable track record of driving performance. He also brings Plc experience having held senior roles at Centrica Plc, including Group Head, Finance and Transformation, and as Finance Director, British Gas, following an earlier career spanning over sixteen years in the water sector. Paul will leave the business following the Group's half year 2023/24 results, at the end of December, ensuring an orderly handover with Steve. Tillkännagivande • Jul 14
Pennon Group Plc (LSE:PNN) acquired three renewable energy generation projects. Pennon Group Plc (LSE:PNN) acquired three renewable energy generation projects on July 13, 2023.Pennon Group Plc (LSE:PNN) completed the acquisition of three renewable energy generation projects on July 13, 2023. Upcoming Dividend • Jul 13
Upcoming dividend of UK£0.30 per share at 6.1% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 04 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.8%). Recent Insider Transactions • Jul 06
Group CEO & Executive Director recently sold €328k worth of stock On the 3rd of July, Susan Davy sold around 40k shares on-market at roughly €8.27 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Susan has been a net seller over the last 12 months, reducing personal holdings by €328k. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: UK£0 (vs UK£0.049 in FY 2022) Full year 2023 results: EPS: UK£0 (down from UK£0.049 in FY 2022). Revenue: UK£797.2m (flat on FY 2022). Net income: UK£100.0k (down 99% from FY 2022). Profit margin: 0% (down from 1.9% in FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 02
Pennon Group Plc Recommends Final Dividend for the Year Ended 31 March 2023, Payable on 04 September 2023 The Board of Pennon Group Plc has recommended a final dividend of 29.77 pence per share (2022 26.83 pence) for the year ended 31 March 2023. Together with the interim dividend of 12.96 pence per share paid on 5 April 2023 this gives a total dividend for the year of 42.73 pence. This represents an increase of 10.9% (March 2023 CPIH + 2%) on 2021/22. Pennon offers shareholders the opportunity to invest their dividend in a Dividend Reinvestment Plan (DRIP). Ordinary shares quoted ex-dividend date is 20 July 2023. Record date for final dividend is 21 July 2023. Final dividend payment date is 04 September 2023. Tillkännagivande • May 20
Pennon Group Plc to Report Fiscal Year 2024 Results on May 21, 2024 Pennon Group Plc announced that they will report fiscal year 2024 results on May 21, 2024 Upcoming Dividend • Jan 19
Upcoming dividend of UK£0.13 per share Eligible shareholders must have bought the stock before 26 January 2023. Payment date: 05 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%). Buying Opportunity • Dec 10
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €13.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 9.1% in 2 years. Earnings is forecast to grow by 66% in the next 2 years. Reported Earnings • Dec 01
First half 2023 earnings released First half 2023 results: Revenue: UK£425.5m (up 9.3% from 1H 2022). Net income: UK£18.3m (up UK£40.6m from 1H 2022). Profit margin: 4.3% (up from net loss in 1H 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Tillkännagivande • Aug 18
Pennon Group Plc to Report Fiscal Year 2023 Results on Jun 01, 2023 Pennon Group Plc announced that they will report fiscal year 2023 results on Jun 01, 2023 Upcoming Dividend • Jul 14
Upcoming dividend of UK£0.27 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 05 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%). Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: UK£0.049 (vs UK£0.38 in FY 2021) Full year 2022 results: EPS: UK£0.049 (down from UK£0.38 in FY 2021). Revenue: UK£792.3m (up 27% from FY 2021). Net income: UK£15.4m (down 86% from FY 2021). Profit margin: 1.9% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 5.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be UK£14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% per annum over the last 3 years. Earnings per share has declined by 43% per annum over the last 3 years. Upcoming Dividend • Jan 20
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 27 January 2022. Payment date: 05 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.5%). Reported Earnings • Dec 02
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: UK£0.063 loss per share (down from UK£0.18 profit in 1H 2021). Revenue: UK£389.3m (up 30% from 1H 2021). Net loss: UK£22.3m (down 144% from profit in 1H 2021). Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 6.4%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 16
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 02 September 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 33% share price decline to UK£13.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Water Utilities industry globally. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.56 per share. Upcoming Dividend • Jun 28
Upcoming dividend of UK£3.55 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 16 July 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.6%). Reported Earnings • Jun 05
Full year 2021 earnings released: EPS UK£0.26 (vs UK£0.28 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: UK£624.1m (flat on FY 2020). Net income: UK£107.5m (down 7.8% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 11
New 90-day high: €11.10 The company is up 7.0% from its price of €10.39 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.86 per share. Is New 90 Day High Low • Dec 12
New 90-day low: €10.39 The company is down 6.0% from its price of €11.08 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.92 per share. Reported Earnings • Nov 26
Second quarter 2021 earnings released: EPS UK£0.06 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: UK£149.6m (down 8.2% from 2Q 2020). Net income: UK£25.3m (down 42% from 2Q 2020). Profit margin: 17% (down from 27% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 17
Pennon Group Reportedly Eyes Rival Southern Water British water and wastewater company Pennon Group Plc (LSE:PNN) is considering a takeover of rival Southern Water Services Limited, according to the Sunday Times. Pennon sold its waste-management arm to KKR & Co. for £4.2 Billion ($5.5 Billion) in March (2020), in one of the biggest deals at the start of the coronavirus pandemic. The deal was set to include net cash proceeds of £3.7 Billion, and Pennon wants to use the funds for a takeover rather than hand it back to shareholders, the Sunday Times said. Southern has faced a turbulent period in recent years, including regulator investigations and concern about high dividends and debt, according to the Times. Pennon has also examined other companies, with Southern Water the most likely target, the report said. Representatives for Pennon and Southern Water declined to comment on the report when contacted by Bloomberg. Is New 90 Day High Low • Oct 31
New 90-day low: €10.98 The company is down 6.0% from its price of €11.64 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.41 per share. 
