VEOLIA FALLS AS PROFITS RISE
- From: Vol 9, Issue 3 (March 2008)
- Category: General
- Region: Europe
- Related Companies: Doshion Limited, Goldman Sachs, Russian Communal Systems and Veolia Water
* Investors cut 10% off the Veolia Environnement share price after the company announced a 22.5% increase in net profits in 2007, to €933.2 million.
They had been looking for a 23.26% increase – and a more up-beat assessment of the future. The company forecasts 10% growth in 2008, “notwithstanding a difficult economic landscape”. The French company will invest “at least €5 billion” in 2008, of which €4 billion will go towards organic growth. In the days subsequent to the earnings announcement, the shares drifted ...
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