QUARTERLY FINANCIAL INFORMATION
Condensed Interim Consolidated Financial
Statements for the three months ended
March 31, 2021
Unaudited figures
CONTENTS
1 SUEZ COMBINATION PROJECT ..................................................................................................... | 4 | |
1.1 | Suez combination project............................................................................................................................. | 5 |
1.2 | Financing....................................................................................................................................................... | 6 |
2 MAJOR EVENTS OF THE YEAR ...................................................................................................... | 7 | |
2.1 | General context ............................................................................................................................................ | 8 |
2.2 | Changes in Group structure - Strategic program......................................................................................... | 9 |
2.3 | Group financing .......................................................................................................................................... | 11 |
2.4 | Performance Share Plan ............................................................................................................................ | 11 |
2.5 | Changes in governance............................................................................................................................... | 12 |
3 ACCOUNTING AND FINANCIAL INFORMATION ......................................................................... | 13 | |
3.1 | Key figures ................................................................................................................................................. | 14 |
3.2 | Group revenue ........................................................................................................................................... | 15 |
3.3 | Group EBITDA ............................................................................................................................................ | 20 |
3.4 | Other income statement items ................................................................................................................. | 22 |
4 FINANCING .................................................................................................................................... | 25 | |
4.1 | Change in Free Cash Flow and Net Financial Debt .................................................................................... | 26 |
5 OTHER ITEMS ............................................................................................................................... | 28 | |
5.1 | Outlook ...................................................................................................................................................... | 29 |
6 APPENDICES ................................................................................................................................. | 30 | |
6.1 | Definitions .................................................................................................................................................. | 31 |
VEOLIA ENVIRONNEMENT
QUARTERLY FINANCIAL INFORMATION
Condensed Interim Consolidated Financial Statements for the three
months ended March 31, 2021
2021
Unaudited figures
VEOLIA ENVIRONNEMENT / Quarterly Financial Information for the three months ended March 31, 2021 1
INTRODUCTION
2 VEOLIA ENVIRONNEMENT / Quarterly Financial Information for the three months ended March 31, 2021
Message from Antoine Frérot - Chairman and Chief Executive Officer
Antoine Frérot, Veolia's Chairman & CEO commented : «As we had committed to,
our performance is substantially above 2019: Veolia is off to a flying start in 2021! In a global context that remains difficult, Veolia has announced an outstanding pace of growth of both revenue and profits, notably thanks to our diversified client mix, our treatment solutions for new pollutants and our international footprint. Moreover, our strict cost control has enabled us to recover a strong operating leverage and to register an EBITDA growth of more than 13% compared to Q1 2020 and of 7.5% versus Q1 2019. We are therefore ahead of our 2021 objectives and I can confirm that 2021 will be a very good year in terms of growth and profits. This excellent performance comes at
- historical moment for our Group. On April 11th, we signed an agreement to purchase Suez Group and to create the undisputed world champion of ecological transformation. This combination, which should be finalized by the end of the year, opens up great development prospects at a time when environmental priorities have never been higher on the agenda. "
VEOLIA ENVIRONNEMENT / Quarterly Financial Information for the three months ended March 31, 2021 3
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Veolia Environnement SA published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 08:15:06 UTC.