Veolia : 9M 2020 in line buoyed by a turnaround in Q3 and 2020 guidance confirmed
>Buy recommendation and target price of € 24.0 maintained - The group's performance in 9M 2020 was perfectly in line with our expectations, buoyed by the expected turnaround in the economy in Q3 2020 linked to the recovery of economic activities coming out of lockdown. Management confirmed its expectations regarding Q4 2020 with a comparable performance to that of Q4 2019. For 2021, its comments remained cautious but tinged with a degree of optimism, regarding the gro...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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