Veolia Environnement 9-month Revenue Slides - Quick Facts

(RTTNews) - French utility Veolia Environnement SA (VE) Thursday said that for the first nine months of the year, consolidated revenue fell 4 percent at current consolidation scope and exchange rates to 16.155 billion euros from a re-presented 16.825 billion euros for the prior year period.

Revenue declined 1.9 percent at constant consolidation scope and exchange rates.

Adjusted operating income climbed 19 percent at current exchange rates to 620.8 million euros from 521.7 million euros in the prior year and increased 20.4 percent at constant exchange rates.

The company confirmed its medium-term objectives of divestiture of 6 billion euros in assets, including the repayment of joint venture loans relating to divestitures, and reduction of net financial debt to between 8 billion euros and 9 billion euros.

After 2013, the firm aims organic revenue growth of over 3 percent per year.

Veolia said Philippe Capron, currently CFO of Vivendi (VIV.L, VIVEF.PK), will join the company in January 2014.