Veolia Environnement : results in 2016 higher than objectives and almost stable revenue
February 23, 2017 at 04:11 am EST
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23 february 2017
In 2016, Veolia generated revenue of €24,390 million, almost stable against 2015, but up 1.9% in the fourth quarter. The increase was particularly strong internationally: 2.2% in Germany, 2.1% in the United Kingdom, 6.3% in Asia (14.8% in China), 6.8% in Africa Middle East, 12.9% in Latin America.
EBITDA increased by 4.3% to €3,056 million. It benefited from continued cost reduction efforts amounting to €245 million in 2016, exceeding the initial objective of €200 million
Current net income - Group share was €610 million, up sharply by 10.8%
Free cash flow rose to a record €970 million
Net financial debt declined €359 million to €7,811 million
The Post tax ROCE of 7.2% maintained its continuous improvement over the last 4 years.
Infographic of 2016 Annual results
PDF - 99.86 KB
These results are in line with the 3-year development plan announced at the end of 2015.
Over the period 2017-2019, revenue growth will gradually increase and further cost reductions will be made in order to reach an EBITDA of between €3.3 and €3.5 billion by 2019.
Antoine Frérot, Veolia Environnement's Chairman & CEO commented: '2016 represents another year of strong results growth for Veolia. These good results were achieved due to the efforts of each and every one of our Group's employees, and I would like to thank them. At the end of 2015, we presented our 3-year development plan. It is based on controlled and profitable growth and accompanied by continued cost reduction efforts. Our ambition remains intact.'
>Read the press release on ligne: 2016 Annual results
Veolia Environnement SA published this content on 23 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 February 2017 09:11:09 UTC.
Original documenthttp://www.veolia.com/en/veolia-group/media/news/2016-annual-results
Public permalinkhttp://www.publicnow.com/view/A52415081F5EC736CC2E02169078E77672361B6A
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 
