COMPANY RESULTS

First quarter figures for Veolia and Suez show strength in Europe, but weakness on the contracting side.

Veolia reported that its water business outside France was up by 7.3%, primarily “due to very favourable developments in Europe and the increasing impact of contracts won in Asia”. Suez reported that its European water business was up 6.2% in organic terms. Veolia Water Systems was down 16% (mainly because it had stopped pursuing unprofitable projects) and D ...

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