Veolia released Q3 16 results. Revenues reached €18,288m (-3.2%, -1.2% at CER), EBITDA €2,206m (+2.7% and +5.1% at CER), EBIT €979m (+4%, +7.3% at CER) and net result €421m (+2.9%, +8.8% at CER). Net debt at 30 September reached €8.88bn (vs €8.98bn last year and €8.68bn at 30 June). The group reiterated its yearly targets, with a lower turnover goal though (flat turnover vs « slight increase », increase in EBITDA, free cash flow of at least &euro
03 Nov 2016
Q3 16: weak top-line, compensated by cost cutting
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Q3 16: weak top-line, compensated by cost cutting
Veolia Environnement SA (VIE:WBO) | 0 0 1.5% | Mkt Cap: 11,079m
- Published:
03 Nov 2016 -
Author:
Fabrice Farigoule -
Pages:
3
Veolia released Q3 16 results. Revenues reached €18,288m (-3.2%, -1.2% at CER), EBITDA €2,206m (+2.7% and +5.1% at CER), EBIT €979m (+4%, +7.3% at CER) and net result €421m (+2.9%, +8.8% at CER). Net debt at 30 September reached €8.88bn (vs €8.98bn last year and €8.68bn at 30 June). The group reiterated its yearly targets, with a lower turnover goal though (flat turnover vs « slight increase », increase in EBITDA, free cash flow of at least &euro