Veolia Q1 Profit Rises, Revenue Up 4.5%; Confirms Outlook - Quick Facts

(RTTNews) - Veolia group (VE) reported that its first-quarter current net income - Group share grew 4.8% (up 3.7% at constant exchange rates) to 155 million euros from represented 148 million euros in the first quarter of 2016. Excluding capital gains, current net income - Group share increased 7% at constant exchange rates. EBITDA increased 0.9% to 863 million euros compared with represented 855 million euros in the first quarter of 2016.

First-quarter revenue was up 4.6% to 6.27 billion euros, compared with represented 6.00 billion euros in the first quarter of 2016. At constant exchange rates, revenue growth was 4.5%. Excluding Construction revenue and the impact of energy prices, revenue increased 5.9% at constant exchange rates.

For 2017, the company continues to expect: resumption of revenue growth; and stable EBITDA, or moderate EBITDA growth. For 2018, the company expects: continuation of revenue growth, and resumption of more sustained EBITDA growth. For 2019, the company expects: continuation of revenue growth; and EBITDA between 3.3 and 3.5 billion euros, excluding IFRIC 12.