Veolia: underlying net income up 10.6% in Q3
(CercleFinance.com) - Veolia has reported Q3 2020 sales of 6,293 million euros, against 6,441 million euros in Q3 2019, pretty flat LFL.
9m 2020 sales came in at 18,705 million euros, against 19,765 million euros in the first nine months of 2019, down 5.4% on a current basis and down 3.8% LFL.
Q3 EBITDA rose by 2.5% LFL to 893 million euros, thanks to additional savings made. At 30 September 2020 EBITDA came in at 2,492 million euros, compared with 2,894 million euros at 30 September 2019.
Underlying EBIT rose by 4.3% LFL in Q3 2020 to 333 million euros. At 30 September 2020, underlying EBIT was 771 million euros, compared with 1,190 million euros at 30 September 2019.
Q3 2020 net income, group share rose by 10.6% LFL (up 6.8% as reported) to 142 million euros. Over the first nine months of the year, underlying net income, group share reached 149 million euros, compared with 486 million euros at 30 September 2019.
Taking into account the improvement in its businesses and performance in Q3, the group aims to report operating performance in Q4 2020 that is equivalent to that of Q4 2019. The choices proposed in the IMPACT 2023 strategic program remain fully valid, the group said.
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9m 2020 sales came in at 18,705 million euros, against 19,765 million euros in the first nine months of 2019, down 5.4% on a current basis and down 3.8% LFL.
Q3 EBITDA rose by 2.5% LFL to 893 million euros, thanks to additional savings made. At 30 September 2020 EBITDA came in at 2,492 million euros, compared with 2,894 million euros at 30 September 2019.
Underlying EBIT rose by 4.3% LFL in Q3 2020 to 333 million euros. At 30 September 2020, underlying EBIT was 771 million euros, compared with 1,190 million euros at 30 September 2019.
Q3 2020 net income, group share rose by 10.6% LFL (up 6.8% as reported) to 142 million euros. Over the first nine months of the year, underlying net income, group share reached 149 million euros, compared with 486 million euros at 30 September 2019.
Taking into account the improvement in its businesses and performance in Q3, the group aims to report operating performance in Q4 2020 that is equivalent to that of Q4 2019. The choices proposed in the IMPACT 2023 strategic program remain fully valid, the group said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.