HOW ARE WE DOING?
- From: Vol 10, Issue 3 (March 2009)
- Category: Need to know
- Country: France and United States
- Related Companies: American Water, Suez Environment and Veolia
* Full-year results are in from Veolia, Suez Environnement and American Water, the three biggest quoted water companies.
It gives a good insight into the impact of the recession on the water sector (see pp8 and 9). In terms of operating cashflow, it was a mixed bag. Veolia saw a 0.6% decrease, Suez advanced 4% and American Water was up 7%. Where it went badly wrong was in terms of goodwill write-offs. Veolia wrote off €430 million ...
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