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Veolia regains its pre-Covid results

2021-05-05T23:17:39.533Z

Over the first three months of 2021, the French group garnered revenues of 6.8 billion euros, or + 2% compared to 2020.



The world number one in the treatment of water and waste Veolia, "

in the finalization phase

" of its takeover of part of its competitor Suez, returned in the first quarter to a growth rate before the health crisis, with a turnover also higher than 2019.

Read also: How Veolia managed to get its hands on Suez

Over the first three months of 2021, the French group recorded revenues of 6.8 billion euros, or + 2% compared to 2020 and + 0.3% compared to 2019. Net profit is 188 million. , at + 54.7% compared to 2020 and slightly down compared to 2019.

For its CEO Antoine Frérot, “

Veolia starts 2021 on the hats of wheels

”.

In a context that is still difficult at the global level, Veolia announces an excellent rate of growth in activity, in particular thanks to our diversified customer mix, our solutions to new pollutants and our international footprint

”.

"

Agreement finalization phase

"

These results "

make us very optimistic for 2021

", he told reporters, while his company must formalize by May 14 with Suez an agreement allowing it to absorb a large part of it.

"

The time for negotiation is behind us, we are in a phase of finalizing the agreement which will run until May 14,

" he said.

The acquisition of some 10 billion euros of assets from Suez could thus begin to be seen, in part, in the results of Veolia from this fourth semester and more fully in 2022, noted Antoine Frérot.

Source: lefigaro

All business articles on 2021-05-05

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