Operating income from recurring Veolia Clean amounted to 803.5
Operating income from recurring Veolia Clean amounted to 803.5 million euros in 2007 (+26.4% at constant exchange rates) thanks to the integration of Cleanaway UK and the activities Sulo, Germany .
Operating income from recurring Veolia Water has reached 1.265,7 million euros (+9.3% at constant exchange rates), productivity efforts, the development of new services and tidiness activities work helped offset, France, the decline in volumes supplied linked "to the unfavourable climatic conditions of the summer."
Veolia has also confirmed its medium-term objectives of growth of activity between 8 and 10% per annum on average and maintain a ROCE after tax of 10% (excluding potential effect related to timing of acquisitions), with a distribution rate of dividend between 50% and 60% of recurring net profit.
"Our objectives are reinforced 2008, despite a general climate of uncertainty," said CEO Henri Proglio during the presentation of the results. "It looks to the future with great optimism. This group has before him a beautiful period of development and growth."
Referring to the overall investment of 15 to 20 billion over the period 2007-2009, the Chief Executive Jerome Contamine has also said in a telephone conference that Veolia should invest "at least around 5 billion euros" in 2008, of which "a little over 4 billion in organic growth.
In 2007, Veolia has invested 6.9 billion euros, of which nearly $ 4 billion in new projects and acquisitions.
"The economic and financial might rather create opportunities for a group like ours," said Jerome Contamine.
Henri Proglio, for its part indicated that Veolia sought acquisitions in its core business. "There will be opportunities but we are not crazy fighter (...). If there is a very great opportunities, we do not miss," he said.
Net financial debt stood at 15.1 billion euros at December 31, 2007 compared with 14.7 billion euros at December 31, 2006, with a ratio of debt to EBITDA of 3.3 compared with a target ratio of between 3.5 and 4 in the medium term.
Veolia reiterated that a decision on his part to mount even with a capital of Dalkia depended on the choice of EDF.
The group is not intended to become a shareholder of Suez Environment, the environmental division of Suez, which should be placed on the stock exchange in connection with the merger of the group with Gaz de France, also said Henri Proglio.
"Suez Environnement, a French which we can not access for obvious reasons of competition. Therefore, we have not intended to become a shareholder of the financial group."
Operating income from recurring Veolia Water has reached 1.265,7 million euros (+9.3% at constant exchange rates), productivity efforts, the development of new services and tidiness activities work helped offset, France, the decline in volumes supplied linked "to the unfavourable climatic conditions of the summer."
Veolia has also confirmed its medium-term objectives of growth of activity between 8 and 10% per annum on average and maintain a ROCE after tax of 10% (excluding potential effect related to timing of acquisitions), with a distribution rate of dividend between 50% and 60% of recurring net profit.
"Our objectives are reinforced 2008, despite a general climate of uncertainty," said CEO Henri Proglio during the presentation of the results. "It looks to the future with great optimism. This group has before him a beautiful period of development and growth."
Referring to the overall investment of 15 to 20 billion over the period 2007-2009, the Chief Executive Jerome Contamine has also said in a telephone conference that Veolia should invest "at least around 5 billion euros" in 2008, of which "a little over 4 billion in organic growth.
In 2007, Veolia has invested 6.9 billion euros, of which nearly $ 4 billion in new projects and acquisitions.
"The economic and financial might rather create opportunities for a group like ours," said Jerome Contamine.
Henri Proglio, for its part indicated that Veolia sought acquisitions in its core business. "There will be opportunities but we are not crazy fighter (...). If there is a very great opportunities, we do not miss," he said.
Net financial debt stood at 15.1 billion euros at December 31, 2007 compared with 14.7 billion euros at December 31, 2006, with a ratio of debt to EBITDA of 3.3 compared with a target ratio of between 3.5 and 4 in the medium term.
Veolia reiterated that a decision on his part to mount even with a capital of Dalkia depended on the choice of EDF.
The group is not intended to become a shareholder of Suez Environment, the environmental division of Suez, which should be placed on the stock exchange in connection with the merger of the group with Gaz de France, also said Henri Proglio.
"Suez Environnement, a French which we can not access for obvious reasons of competition. Therefore, we have not intended to become a shareholder of the financial group."
posted by news of france at
1:14 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home