The Limited Times

Now you can see non-English news...

Veolia's profits driven by the heat wave and the successful integration of Suez

2022-08-03T18:29:44.314Z

DECRYPTION - The water and waste treatment giant has exceeded its profit growth target. The heat wave does not bother Veolia, quite the contrary. The French environmental giant published higher results on Wednesday. With a turnover of 20.2 billion euros, it recorded an increase of 46% over the half-year. A figure boosted by the perimeter effect linked to the acquisition of Suez in January (4.5 billion euros in additional turnover). Even at constant scope and exchange rates, sales gro



The heat wave does not bother Veolia, quite the contrary.

The French environmental giant published higher results on Wednesday.

With a turnover of 20.2 billion euros, it recorded an increase of 46% over the half-year.

A figure boosted by the perimeter effect linked to the acquisition of Suez in January (4.5 billion euros in additional turnover).

Even at constant scope and exchange rates, sales growth remains impressive: +13%.

“The integration of Suez's activities since mid-January has been carried out under excellent conditions and is already bearing fruit

,” explains the new general manager, Estelle Brachlianoff.

These very good results fully confirm our objectives for 2022.”

While the group did not raise its annual EBITDA growth target of between 4% and 6% at constant scope and exchange rates, it exceeded it in the first half, with an increase of 6.1%.

The group seems to have mastered the impact of soaring prices…

This article is for subscribers only.

You have 74% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All business articles on 2022-08-03

You may like

News/Politics 2022-07-04T18:52:57.171Z

Trends 24h

Business 2022-09-25T16:40:46.639Z

Latest

© Communities 2019 - Privacy