With operating profits of £181m on sales of £437m in the year to March 2003, Southern Water has a hefty 41% profit margin. In February 2003, Southern Water Capital, then 49% owned by Royal Bank of Scotland, and France’s Veolia Environnement, agreed to acquire Southern Water’s holding company, First Aqua. Southern Water supplies a million households in southeast England and treats and recycles dirty water from a further million. The company says it has reinvested profits by spending £2 billion on construction and maintenance since 1995.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.