Veolia : H1 2020 in line, 2020 forecasts fine-tuned
>Buy recommendation and target price of € 24.0 maintained - Following Veolia's H1 2020 results which were broadly in line with our expectations and the virtual roadshow organised for French-speaking investors with the CFO, we have factored in the elements provided regarding the trajectory in H2 2020, namely a gradual improvement in the group's activities since the end of lockdown measures and its expectation that operating performances will return to a level equivalen...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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