Veolia Environnement Q1 Current Net Income Rises - Quick Facts

(RTTNews) - Veolia Environnement (VE) reported that its current net income increased 88% to 212 million euros in the first quarter of 2015 from re-presented 113 million euros in the first quarter of 2014. Excluding capital gains, current net income would have increased 36%. The Group said the strong increase in net income was due to: the growth in current EBIT, and the reduction in the Group's net cost of financial debt.

Current EBIT increased 12.0%, or 8.8% at constant exchange rates, to 397 million euros in the first quarter of 2015, from pro forma represented 354 million euros in the first quarter of 2014.

Revenue increased 8.5%, or 4.7% at constant exchange rates, to 6.305 billion euros compared to re-presented 5.811 billion euros, in the first quarter of 2014. On a pro forma basis, revenue increased 2.6%, or down 1.4% at constant exchange rates, to 6.305 billion euros from pro forma re-presented 6.147 billion euros in the prior year quarter, and was impacted by lower energy and recycled raw material prices.

The Group confirmed its 2015 objectives.