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United Utilities’ half-year revenue jumps past £900m mark as profits also rise

The company said the increase in revenue was because of ‘higher consumption as business activity returns to pre-pandemic levels’.


United Utilities’ revenue jumped past the £900m mark while its pre-tax profits also increased during the first half of its financial year.

The Warrington-headquartered business has posted a revenue of £932.3m for the six months to the end of September 2021, up from the £894.4m it reported for the same period in 2020.

The company’s pre-tax profits also rose from £201.1m to £212.7m.

United Utilities said the increase in revenue was mainly because of “higher consumption as business activity returns to pre-pandemic levels”.

Chief executive Steve Mogford said:

“At a time when many families are struggling with a higher cost of living, we have reduced typical water bills for households in our region by 6% in real terms over the last two years.

“We’re also offering more help than ever before for vulnerable customers and households that are struggling to pay.

“Climate change and population growth are challenges we must all confront, and we will continue to invest to make our services more resilient and strengthen our ability to respond to, and recover from, extreme weather events.

“Our £2bn investment programme will also help our region’s economy to grow, generate jobs and develop skills in our communities.

“We’re committed to delivering our six carbon pledges, which will help us achieve our ambition of net zero by 2030.

“We have already delivered our pledge to source 100% of our electricity from renewable sources.

“As well as reducing our carbon footprint, we are committed to protecting the natural environment and ensuring no net loss of biodiversity.

“We’ve continued with the great start that we’ve made to AMP7, benefitting from the acceleration of our capital programme and investment in Systems Thinking.

“Our strong operational performance delivers efficiency gains and improvements to outcome delivery incentives, and is enabling us to drive further value for our shareholders.”