Veolia Environnement (OTCPK:VEOEY) (OTCPK:VEOEF) -1.5% in Europe after saying FY 2023 outcomes exceeded its targets, with natural gross sales rising by 9% Y/Y to €45.35B, EBITDA up 7.8% to €6.54B, above firm steerage of a 5%-7% enhance, and present internet revenue up 14.9% to €1.33B.
Veolia (OTCPK:VEOEY) (OTCPK:VEOEF) mentioned it’ll suggest a dividend of €1.25/share for 2023, up from €1.12/share within the earlier yr.
The corporate mentioned it’s issuing “bold” steerage of 5%-6% natural income progress in 2024 and dividend progress consistent with present EPS progress.
Below its new “GreenUp” medium time period strategic plan, Veolia (OTCPK:VEOEY) (OTCPK:VEOEF) targets “strong” natural income progress throughout 2024-27, a minimum of €8B in EBITDA on the finish of the interval and €350M/yr of financial savings.
“We look ahead to 2024 with nice confidence, completely poised for one more yr of robust earnings progress, and particularly a goal of present internet revenue above €1.5B,” CEO Estelle Brachlianoff mentioned.
The CEO mentioned Veolia (OTCPK:VEOEY) (OTCPK:VEOEF) is optimistic on prospects for its companies within the U.S. whatever the consequence of the November presidential elections.
“Veolia’s U.S. companies, no matter what occurs in November, have an excellent future. Why? As a result of it isn’t laws that fuels demand for our companies within the U.S., like in Europe and all over the place, however extra so folks’s wants,” Brachlianoff mentioned.