Veolia Environnement SA reports Q1 results; reaffirms FY23 guidance
- Veolia Environnement SA press release (OTCPK:VEOEY): Q1 strong EBITDA growth of +8% at constant scope and exchange rates, from €1,456 million to €1,574 million.
- Revenue of €12.01B (+20.8% Y/Y).
- Outlook: Objectives 2023: Solid organic growth of revenue; Efficiency gains above €350m complemented by additional synergies for a cumulated amount of €280M end-2023, in line with the €500M cumulated objective.
- Organic growth of EBITDA between +5% and +7%; Current net income group share around €1.3B.
- Confirmation of the EPS accretion of around 40% in 2024.
- Leverage ratio around 3x. Dividend growth in line with current EPS growth.