Veolia: 26% rise in Q1 2018 underlying net income
(CercleFinance.com) - Veolia Environnement has published Q1 2018 underlying net income, group share of 193 million euros, up 25.
7%, with EBIT of 448 million euros, up 4.8%.
The utilities group's EBITDA rose by 3.4% to 876 million euros, thanks to cost savings of 70 million euros and sustained sales growth of 3.7% at 6,419 million euros (+7% at constant exchange rates).
Given the good start to the fiscal year, Veolia has confirmed its outlook for 2018 (at constant exchange rates), including sustained sales growth, EBITDA growth that is higher than in 2017 and over 300 million euros in cost reductions.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7%, with EBIT of 448 million euros, up 4.8%.
The utilities group's EBITDA rose by 3.4% to 876 million euros, thanks to cost savings of 70 million euros and sustained sales growth of 3.7% at 6,419 million euros (+7% at constant exchange rates).
Given the good start to the fiscal year, Veolia has confirmed its outlook for 2018 (at constant exchange rates), including sustained sales growth, EBITDA growth that is higher than in 2017 and over 300 million euros in cost reductions.
Copyright (c) 2018 CercleFinance.com. All rights reserved.