Veolia: Q1 current net income down 29%

(CercleFinance.com) - Veolia has published current net income, group share of 121 million euros for the first three months of 2020, down 29.
3% on an organic basis, excluding capital gains, with current EBIT of 392 million euros, down 18% (-13.3% at constant scope and exchange rates).

The French utilities group's revenue reached 6,675 million euros, down 1.6% in current data, -1.3% at constant exchange rates and -0.5% at constant scope and exchange rates.

From the start of the health crisis in Europe, Veolia has begun a specific savings plan of 200 million euros, in addition to its annual target of 250 million euros, and has launched a program to reduce its capex by 500 million euros in 2020.


Copyright (c) 2020 CercleFinance.com. All rights reserved.