Veolia released FY16 numbers. Revenues were down 2.3% to €24,390m (and -0.4% at CER), EBITDA up 2% to €3,056m (+4.3%), current EBIT up 5.2% to €1,384m (+8.5% at CER) and net income reached €382.2m. Net debt at the end of FY16 was €7,811m vs €8,170m a year ago and €8,880m in Q3. The dividend proposed is €0.80 (vs €0.73 for FY15). The outlook for the current year calls for a resumption of revenue growth, stable to slightly increasing EBITDA and cost
23 Feb 2017
FY16 roughly in line but the outlook disappoints
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FY16 roughly in line but the outlook disappoints
Veolia Environnement SA (VIE:WBO) | 0 0 1.5% | Mkt Cap: 11,079m
- Published:
23 Feb 2017 -
Author:
Fabrice Farigoule -
Pages:
3
Veolia released FY16 numbers. Revenues were down 2.3% to €24,390m (and -0.4% at CER), EBITDA up 2% to €3,056m (+4.3%), current EBIT up 5.2% to €1,384m (+8.5% at CER) and net income reached €382.2m. Net debt at the end of FY16 was €7,811m vs €8,170m a year ago and €8,880m in Q3. The dividend proposed is €0.80 (vs €0.73 for FY15). The outlook for the current year calls for a resumption of revenue growth, stable to slightly increasing EBITDA and cost