Veolia slashes investments to boost profits
- From: Vol 10, Issue 3 (March 2009)
- Category: General
- Region: Europe
- Country: France
- Related Companies: Veolia Water Solution & Technologies
After a disappointing 2008, Veolia’s management has redoubled its commitment to improving profitability. It will be a slow process.
Veolia has not had a good start to 2009. Its shares are down by 29%, it lost its CFO of 8½ years, and there was even a rumour that the French government might take a stake in the beleaguered company. The outlook for the rest of the year doesn’t look great, either, and the tension on the company’s ...
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