Veolia Environnement SA (VE) reported that its first-quarter operating income declined by 4.3% to 290.3 million euros, from re-presented 303.2 million euros in the same quarter last year.
Adjusted operating income for the quarter slip 1.5% to 404.9 million euros, from re-presented 411.1 million euros last year.
The impact of changes in consolidation scope on revenue for the quarter ended March 31, 2013 was negative 14.4 million euros, including + 7.1 million euros in the Water division, (impact primarily related to the full consolidation of Azalyia beginning August 2, 2012), and - 25.3 million euros in the Environmental Services division, primarily related to the divestment of Switzerland and Baltic country activities in 2012.
Adjusted operating cash flow for the quarter was 542 million euros, down from re-presented €581 million for prior year period, due to the impact of contractual erosion in France in the Water division and the decline in Environmental Services activity.
Consolidated revenue for the quarter decreased 3.9% to 5.757 billion euros from re-presented 5.991 billion euros in the prior year quarter, while it declined 3.0% at constant consolidation scope and exchange rates.
After 2013, the Company aims, assuming a mid-cycle economic environment, for organic revenue growth of more than 3% per year; adjusted operating cash flow growth of more than 5% per year.
For the 2015 fiscal year, the Group has raised its net cost reduction objective to 750 million euros, of which due to the new accounting treatment of joint ventures, about 80% will benefit adjusted operating income.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.