IMPACT OF RECESSION ON GLOBAL WATER BUSINESS

Half-year results from Veolia, Nalco, GLV, Kemira and ERI have shed further light on the continuing impact of the global recession on the water business.

* Veolia Water, the market leader, showed organic growth of 3%, with revenues reaching €6.2 billion. France was down by 0.2%, while the operating businesses outside France were up by 1.5% overall. The star of the show was Veolia Water Solutions & Technologies, which saw revenues increase by 12.7% at constant exchange rates, mainly due to the recognition ...

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