(CercleFinance.com) – Veolia moved little on Thursday morning on the Paris Stock Exchange after reporting 2023 results slightly above expectations and revealing long-term financial objectives deemed ‘no surprise’.
The environmental services group generated a turnover of 45.35 billion euros last year, with organic growth of 9% and an increase of 4.4% excluding the effect of rising energy prices.
For comparison, the market consensus was targeting a figure of around 45.6 billion euros.
Ebitda came to 6.54 billion euros, representing organic growth of 7.8%, above the range of +5% to +7% that the company had set itself as its objective.
This result also exceeds the average forecast of analysts, which was established at 6.45 billion euros.
In a press release, Estelle Brachlianoff, the general director, speaks of another ‘record’ year, 2023 having constituted the seventh consecutive year of growth in results, as well as demand which has never been so high.
For 2024, Veolia says it has set ‘ambitious’ objectives, anticipating ‘solid’ organic growth in its turnover and internal growth in EBITDA of between 5% and 6%.
Ahead of the presentation of its ‘GreenUp’ strategic program for the period 2024-2027, the group declared that it was targeting an EBITDA of at least eight billion euros by 2027, with dividend growth in line with that of EPS. fluent.
Analysts, however, considered these forecasts ‘unsurprising’ and the stock fell by around 0.3% in the first trading on the Paris Stock Exchange.
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