Veolia Environnement (VE): 2012 net profit €394M vs loss of €490M in 2011 and consensus of...

|About: Veolia Environnement ADR (VEOEY)|By:, SA News Editor
Veolia Environnement (VE): 2012 net profit €394M vs loss of €490M in 2011 and consensus of €215M. Revenue +3% to €29.44B vs consensus of €29.1B. Ahead of plan for debt reduction, and now intends to cut debt to €8-9B in 2013 from €11.3B in 2012. Veolia also plans to accelerate asset sales, increasing its 2013 target to €6B from €5B. Proposes dividend of €0.70 this year. Shares +6.4% in Paris. (PR)