Veolia Environnement: 2009 earnings better than expected
March 5, 2010 - 2:10 pm
Veolia Environment is doing well in 2009. The group, which publishes Better Canada on Friday reported a net profit group share of 584 million euros, a sharp rise of 44% compared to 2008. It is far more than expected by the markets as analysts expected an increase of 34%.
Regarding turnover, however, performance is online. The group's revenues decline by 3.4% to 34.551 billion euros. Observers expected a decline of 2%.
The group expects an increase in its operating performance in 2010, further reducing costs.
Veolia Environnement intends to pay its shareholders a dividend of 1.21 euro per share for the year 2009. This proposal will be voted at the General Meeting of May 7
More details to follow ….