UPDATE 2-New recycling services boost French Veolia's Q1 revenue [Reuters]
VEOLIA ENVIRONNEMENT ADR (VEOEY)
NASDAQ:AMEX Investor Relations:
veolia.com/en/veolia-group/finance-area
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Source: Reuters
UPDATE 2-New recycling services boost French Veolia's Q1 revenue | Reuters Reuters Staff 4 Min Read * New services make up more than half of Q1 growth * Strong euro weighs on international earnings * Contract indexations boost French water business * Says year started well, confirms financial outlook (Adds share price gain, M&A and deleveraging comments) By Geert De Clercq PARIS, May 3 (Reuters) - Veolia said first-quarter revenue climbed by 3.7 percent to 6.4 billion euros ($7.7 billion) as its French water business returned to growth and international activities showed double-digit growth, with new services driving earnings. The water and waste group’s shares rose more than three percent and were the biggest gainer on the CAC40 French bluechip index as Veolia said it was confident about the business outlook. Veolia’s French water business was boosted by new contract wins and higher inflation-linked rises in its municipal water contracts, although waste revenue was down due to lower
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