Pennon Group (LSE:PNN) poised for growth with acquisitions and WaterShare+ amid financial challenges
Pennon Group is making strategic strides with its recent acquisition clearance for Sutton and East Surrey, positioning itself for growth, as highlighted by CEO Susan Davy. Despite challenges such as a high net debt to equity ratio and operating cost increases, the company shows resilience with a strong EBITDA and innovative customer initiatives like WaterShare+. This report will delve into Pennon's financial performance, growth strategies, and the external factors impacting its market position.