Veolia marks progress on growth ambitions with first half figures

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Veolia has posted half year results indicating growth for the business, at a time when it is seeking to achieve a substantial turnaround over the coming few years and implement an ambitious corporate project in France.

According to figures released at the end of July, group EBITDA (earnings before interest, taxes, depreciation and amortization) grew 0.4% to €1651 million in the first half of 2017. This compares to the equivalent figure of €1646 million in the first half of 2016.

Announcing the figures, the group also confirmed its outlook and objectives. Included in these, it says its objective is to achieve EBITDA of €3.3-3.5 billion for 2019 (excluding IFRIC 12, the financial reporting standard covering service concession arrangements).

Release of the figures comes after group company Veolia Water France revealed at the end of May its ambitious ‘Osons 20/20!’ corporate project. The company aims to win back its market in France and generate revenue of €3 billion in 2020 and double operating profit. In comparison, group revenues reached €12,346 million for the first half of 2017.

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  • France, Veolia, business