Veolia Aims 2% To 3% Average Annual Revenue Growth For 2016-2018 Period

(RTTNews) - Veolia Environnement (VE) announced the company now begins a new plan for the 2016-2018 period which is based on a return to growth, with in particular an improved balance between municipal and industrial client activities, including stronger growth outside of Europe. The company's objectives include: revenue growth of more than 2 billion euros during the period, current net income to exceed 800 million euros and net free cash flow to nearly double to 1 billion euros. The company estimates 2018 EBITDA to be around 3.5 billion euros versus approximately 3 billion euros, estimated for 2015.

The Group expects to return to a dividend growth policy beginning the current year, with the 2015 fiscal year dividend expected to be 0.73 euros per share, and annual dividend growth around 10% per year expected for the coming three years.

The Group also targets cumulative cost savings of more than 600 million euros over the 2016-2018 period.