Veolia Environnement recently announced a significant increase in dividend payout, reflecting its robust financial performance and optimistic outlook for the future. The French company anticipates continued profit growth, driven by high demand in the ecological transformation market.
Financial Highlights
- Current net profit: Veolia’s current net profit group share surged to €1.34 billion, up from €1.16 billion in the previous year.
- Organic sales: The company achieved a noteworthy organic sales growth of 9%, totaling €45.35 billion.
- Dividend increase: Veolia will propose a dividend of €1.25 per share for 2023, compared to €1.12 in the previous year.
CEO Confidence
Veolia’s Chief Executive, Estelle Brachlianoff, expressed confidence in the company’s performance and outlook. She highlighted the unprecedented demand for their services and projected strong earnings growth for the upcoming year.
Future Prospects
Looking ahead to 2024, Veolia aims to sustain its growth trajectory with a target of current net income surpassing €1.5 billion. The company is focused on achieving solid organic revenue growth, along with a 5% to 6% increase in organic earnings before interest, taxes, depreciation, and amortization (EBITDA). Dividend growth will align with the growth in earnings per share (EPS).
Overall, Veolia Environnement is well-positioned for continued success and anticipates another year of impressive financial performance.