Veolia reports 5.1 percent core profit rise
French utility Veolia posted a 5.1 percent increase in nine-month core profit to 5.4 billion euros. Growth in water technologies and international operations helped offset lower energy prices. The company also confirmed its full-year guidance.
Insights:
France-based environmental services provider Veolia reported a 5.1% rise in nine-month core profit on Thursday morning, driven by international growth and a water technology recovery. The results outpace last year's performance despite lower energy prices weighing on parts of the business. The earnings growth underscores the resilience of Veolia's global municipal and industrial contracts amid shifting energy markets.
