FIRST HALF 2014 RESULTS1
RENEWED GROWTH DUE TO SOLID STRATEGIC EXECUTION
SIGNIFICANT IMPROVEMENT IN SECOND QUARTER RESULTS
GOOD REVENUE GROWTH (+3% AT CONSTANT EXCHANGE RATES) AND VERY SATISFACTORY COMMERCIAL SUCCESS
STRONG ADJUSTED OPERATING CASH FLOW GROWTH OF 9.9%2 (+13.9%2 FOR THE COMBINED WATER AND WASTE ACTIVITIES)
ADJUSTED NET INCOME GROWTH OF 40% TO €187 MILLION
DALKIA TRANSACTION CLOSED JULY 25, 2014
2014 OBJECTIVES CONFIRMED
Antoine Frérot, Veolia Environnement’s Chairman and Chief Executive Officer indicated: “First half results were satisfying and encouraging. Revenue growth continues and our commercial efforts targeting the industrial sector are already bearing fruit. Our results improved significantly in the second quarter and the unfavorable first quarter weather impacts have already been absorbed. In the first half of 2014, the Company’s adjusted operating cash flow increased 9.9%2, while adjusted operating cash flow of the combined Water and Waste activities increased 13.9%2. As a result, our annual objective of around 10% growth in adjusted operating cash flow at constant exchange rates is confirmed.”