VE: Veolia Environnement Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, April 25, 2:49 PM Veolia Environnement (VE +1%) expects profit increases of 15% annually in the business of treating and recycling hazardous waste such as used fuel from refineries and chemicals from paint factories, CEO Antoine Frerot says. The European market for special industrial waste is ~35M tons/year, he says, seeing considerable growth potential because it currently treats ~3M tons/year. Comment! [Commodities]
Friday, March 8, 8:21 AM Veolia Environnement (VE) agrees to sell to sell its Moroccan water, wastewater and electricity services to global investment fund Actis in a deal expected to contribute ~€370M ($485M) to VE's divestment program and reduce debt by ~€88M in 2013. Comment! [Commodities]
Thursday, February 28, 3:24 AM 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) 1 Comment [Earnings, Dividends]
Tuesday, December 11, 2012, 9:10 AM Premarket gainers: SOMX +101%. TNS +45%. VE +6%. CLDX +5%. URBN +5%.
Losers: ESIO -19%. Comment! [On the Move]
Monday, December 3, 2012, 8:51 AM Veolia Environmental Services (VE) names Jeff Adix as President and CEO of its North American ops to replace Richard Burke. Adix comes from Manpower, where he was VP of Audit Advisory Services, although he did spend nine years at Veolia from 2000-2009. (PR) Comment!
Wednesday, November 21, 2012, 8:12 AM Veolia (VE +2%) completes the sale of its U.S. solid waste operations to ADS Waste or $1.9B after American regulators approved the deal last week. The transaction takes Veolia some way towards its target of divesting €5B worth of assets by the end of 2013 as it looks to cut debt. Comment! [M&A]
Wednesday, November 7, 2012, 3:49 AM Veolia Environnement (VE): Nine month EBITDA -6.3% to €1.95B vs consensus of €1.91B, with earnings hurt by lower prices and water margins. EBIT -25% to €840.9M, revenue +1% to €21.6B. Net debt rises to €15.2B from €14.7B at the end of last year, but expects it to fall by €2.5B-€3B in Q4. Still expects to sell assets of up to €5B in 2012-13 to cut debt to below €12B and pay dividend of €0.70 a share for 2012. (PR) Comment! [Financials, Earnings]
Saturday, October 20, 2012, 4:02 PM Discussions took place for an $11B merger between the world's two highest-revenue water/waste utilities, France's Veolia Environnement (VE) and Suez Environnement (SZEVY.PK) - but those talks are now dead before reaching the boards, the WSJ reports. Growth pressure for such deals remain, but these two are so large that securing antitrust approval would be difficult. Comment! [Commodities, M&A]
Thursday, August 2, 2012, 9:10 AM Premarket gainers: UNTD +16%. FSLR +16%. CAVM +11%. GMCR +10%. GILD +8%. GPS +7%. VHC +7%. PWR +7%. YGE +7%.
Losers: KCG -57%. HALO -56%. MTG -40%. ARO -28%. SLTM -15%. LPSN -15%. ANF -15%. INCY -13%. VE -11%. BBVA -10%. SEE -10%. MWW -8%. RDN -7%. SAN -7%. NAV -7%. BWP -5%. BMY -5%. MTL -5%. 1 Comment [On the Move]
Thursday, August 2, 2012, 8:18 AM Veolia Environnement (VE) tumbles 10% in Paris trading after saying it will increase cost cutting, as the deteriorating economy in Europe forced it to book €89M ($108.8M) of writedowns in Italy, even as it swung back to a net profit of €153M in H1. BAML says investors likely will remain concerned about further writedowns, downgrading the stock to Neutral from Buy. Comment! [On the Move]
Tuesday, July 24, 2012, 1:03 PM Veolia Transdev puts its eastern European bus services up for auction, Reuters reports. with preliminary bids due on Thursday. Part-owner Veolia Environnement (VE -3.4%) hopes the divestment will help it sell its 50% stake in Transdev; the French group is on a mission to sell €5B worth of assets by 2013 as it looks to reduce debt. Comment! [M&A]
Thursday, July 19, 2012, 3:16 AM Veolia Environnement (VE) sells its U.S. waste management business to infrastructure fund manager Highstar Capital Star for $1.909B to help repay debts. Including this deal, Veolia has achieved 60% of its planned €5B asset divestment program. Veolia +3.9% in Paris. (PR) 2 Comments [M&A, On the Move]
Wednesday, July 18, 2012, 4:58 PM Highstar Capital is near a deal to buy Veolia Environnement's (VE) U.S. unit for $1.85B, Bloomberg reports. Shares are volatile AH, first up but now -1.8%. Comment! [M&A]
Thursday, July 5, 2012, 9:56 AM Veolia Environment (VE -8.4%) tumbles after a downgrade to Sell from UBS. The move is helping to drag down the water ETF (PHO -0.7%) as Veolia makes up 4.22% of the fund's holdings. Comment! [Commodities, On the Move]
Thursday, July 5, 2012, 9:10 AM Premarket gainers: PCX +11%. NSPH +5%. SXCI +5%. OSUR +5%.
Losers: BKE -7%. VE -7%. BBVA -5%. Comment! [On the Move]
Thursday, June 28, 2012, 5:41 AM Veolia Environnement (VE) agrees to sell 90% of its regulated water unit in the U.K. for £1.24B ($1.92B) to Rift Acquisitions, a JV between Prudential (PUK) and Morgan Stanley (MS). The sale is part of Veolia's strategy to quit half the 70 countries it operates in and sell assets worth €5B by 2013 as it seeks to cut its debt to below €12B. (PR) 1 Comment [M&A]

VE Veolia Environnement

VE

Veolia Environnement