Best Idea Veolia Delivers Strong Set of First-Half Results
Veolia published first-half results roughly in line with our and consensus expectations. Strong momentum delivered in the first quarter continued in the second quarter. Thus, negative read-across from the disappointing publication of peer Suez last week was unjustified. Organic growth in revenue stood at 3.2% in the second quarter after 3.1% in the first. EBITDA grew by 0.3%Â to EUR 1,651 million, after 0.9% growth in the first quarter. Recurring net income grew by 4.2% to EUR 294 million, in lin...Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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