Veolia : Road show confirms a 2023 strategy based on profitability
>Buy recommendation and target price of € 30 maintained - Following a road show in Geneva we are once again confirming our Buy recommendation and our target price of € 30 based on average historical multiples for the period 2000-2018 applied to 2019 estimates. The 2019 trajectory is in line with guidance for 2019 (EBITDA close to € 4bn). The message appears confident, even beyond 2019. Although the group is not due to unveil its 2020-2023 strategy until 27 February 20...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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