Veolia: FY earnings dive 86%
(CercleFinance.com) - The utilities group Veolia has reported net income, group share of 89 million euros for 2020, a far cry from the 625 million euros in 2019, with EBITDA of 3.
64 billion euros (-8% at constant exchange rates) for sales of 26 billion euros (-2.9% at constant exchange rates).
The Board of Directors will propose to the AGM on 22 April the payment of a dividend of 0.70 euro per share for the financial year, payable in cash. The ex-dividend date will be on 10 May and dividends will be paid from 12 May.
At constant exchange rates, Veolia expects 2021 revenue to exceed its level in 2019, with EBITDA of over 4 billion euros, i.e. growth of more than 10% compared to 2020, with a return to the pre-crisis distribution policy in 2021.
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