Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : Q1 2020 in line, 2020 in line with our forecasts but we have to wait

>Buy rating maintained and target price adjusted to € 24.0 vs € 25.10 - Following the publication of Q1 2020 results, which were broadly in line with our forecasts, we factor in the information supplied by the group on its sensitivities, further cost reductions and changes to the tax rate as part of our scenario for the impact of COVID-19 on 2020 (51emonth impact over the full year). On this basis, we adjusted our 2020 EPS estimate by -7.4%. Similarly, we adjusted our ...
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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