Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : Measured optimism in 2019 for a regenerated group

>Buy recommendation and target price of € 30 confirmed - Veolia’s performance in 2018 illustrates both the completed financial restructuring of the group and the industrial repositioning of its activities. 2019 bodes to be in line with the guidance already published and updated for forex effects and IFRS 16. Management's stance betrayed a certain confidence, mixed nonetheless with the necessary caution regarding the sustainability of favourable economic trends. As is ...
Underlying
Veolia Environnement SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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