Veolia: 2019 earnings up 42% and strategic plan

(CercleFinance.com) - Veolia has published FY 2019 net income, group share that is up 41.
8% at 625 million euros, along with EBITDA of 4,022 million euros, up 4.7% in current terms and up 4.5% at constant exchange rates.

The utilities group's sales reached 27,189 million euros, up 4.8% in current, and up 4.3% at constant exchange rates and were up 3.2% at a constant consolidation scope and exchange rates, continuing with the trend of previous periods.

The board of directors will propose a dividend of one euro per share for 2019, payable in cash. For 2020, Veolia forecasts "solid" organic sales growth and EBITDA of around 4.1 billion euros.

Alongside the publication of its annual results, Veolia presents "Impact 2023," its new strategic plan for 2020 to 2023, targeting underlying income, group share of around one billion euros in 2023.

It intends to continue with "solid" sales growth, EBITDA of between 4.7 billion and 4.9 billion euros and a dividend of 1.30 euro per share in 2023.

The plan also includes a cost savings of 250 million euros each year and a net financial debt never exceeding the level of three times the EBITDA throughout the plan.



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