Veolia Environnement H1 Profit Down 28.8%; Affirms FY16 Outlook - Quick Facts

(RTTNews) - Veolia Environnement (VE) reported that its net income attributable to owners of the company for the half-year ended June 30, 2016 significantly declined 28.8 percent to 251.2 million euros from 352.7 million euros in the year-ago period. On a per share basis, net income was 0.32 euros, down from 0.51 euros in the previous year.

The latest period's results include restructuring charges of 95 million euros.

However, current net income attributable to owners of the company was 341.7 million euros, up 6.4 percent from 321.2 million euros in the same period last year.

EBITDA increased 3.2 percent to 1.58 billion euros from 1.53 billion euros in the year-ago period.

Revenue for the period declined 2.9 percent to 11.96 billion euros from 12.32 billion euros in the prior-year period. It was down 1.0 percent at constant exchange rates.

Looking ahead, the Group confirmed its 2016 objectives for revenue and EBITDA growth as well as current net income of at least 600 million euros.