Veolia Environnement : announces satisfactory results for the first quarter of 2017
May 04, 2017 at 08:34 am EDT
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4 may 2017
Veolia's results for the first quarter of 2017 are satisfactory, in line with the objectives set out in the Group's strategic plan. Growth in turnover, which had picked up in the last quarter of 2016, recorded a significant acceleration.
Revenue was €6,270 million, with growth of 4.5% compared to the first quarter of 2016. The increase in revenue was particularly satisfactory in Europe (up 7.2%), with remarkable increases in the United Kingdom (up 6.1%), Central Europe (up 9%) and Germany (up 11.1%). In the rest of the world, revenue rose sharply (up 11.8%), particularly in Asia (up 18%) and Latin America (up 27%).
EBITDA increased by 0.9% to reach €863 million. This is due in particular to the restart of revenue growth and cost reductions of €63 million, in line with the objectives set for 2017.
Current EBIT was €431 million, up 6.1%.
Current net income - Group share was €155 million, an increase of 3.7%.
These satisfactory results confirm the Group's outlook for the full year.
More : >Press release : KEY FIGURES FOR THE PERIOD ENDING MARCH 31, 2017. Paris, May 4, 2017
Veolia Environnement SA published this content on 04 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 May 2017 12:34:20 UTC.
Original documenthttp://www.veolia.com/en/veolia-group/media/news/veolia-announces-satisfactory-results-first-quarter-2017
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Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).
VEOLIA ENVIRONNEMENT 
