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Veolia Environnement (VE)

- NYSE
VE is defunct.
  • Dec. 1, 2014, 9:06 AM
    • Veolia Environnement (NYSE:VE) requests the delisting of its ADRs traded on the NYSE effective Dec. 22 in a cost-cutting move.
    • The delisting and termination of registration of the Paris-based utility “should provide cost-savings and eliminate certain additional costs linked to the company’s listing on two exchanges,” VE says, adding that trading of ordinary shares will be concentrated on Euronext Paris.
    | 4 Comments
  • Nov. 17, 2014, 8:49 AM
    • Veolia Environnement (NYSE:VE) +2.2% premarket, in a move attributed to a 60 Minutes segment last night discussing new evidence that the earth's groundwater is being pumped out much faster than it can be replenished.
    • So much groundwater has been pumped out of California's Central Valley that the U.S. Geological Survey says parts of the valley are literally sinking.
    • VE is not specifically mentioned in the 60 Minutes story.
    | 2 Comments
  • Nov. 6, 2014, 7:16 PM
    • Veolia Environnement (NYSE:VE): Adjusted operating cash flow of €1.45B
    • Revenue of €16.84B (+4.2% Y/Y).
    • Press Release
    | Comment!
  • Oct. 21, 2014, 11:37 AM
    • Veolia Environnement (VE +1.1%) says it won industrial water treatment contracts from a unit of China’s biggest steelmaker in Hebei province for works valued at €390M ($497M).
    • VE says it was chosen by a subsidiary of Hebei Iron & Steel to build a wastewater treatment facility and to recycle and cool water for a coking plant and gas liquefaction facility in a corridor linking two major regions of northeast and north China.
    | Comment!
  • Aug. 28, 2014, 9:10 AM
    • Veolia Environnement (NYSE:VE): 1H Adj. Net income of €187.5M.
    • Revenue of €11.23B (+1.4% Y/Y).
    • Press Release
    | Comment!
  • Jul. 10, 2014, 8:02 AM
    • Veolia Environnement (VE) agrees to sell its water, waste and energy activities in Israel to global fund manager Oaktree Capital Management, as part of its strategy to refocus on less capital intensive businesses.
    • Specific terms were not provided, but VE says the sale will allow it to cut its debt by ~€250M (~$341M).
    | Comment!
  • Jun. 6, 2014, 7:56 AM
    • Veolia Environnement (VE) says it is selling its 65% stake in Danish waste management group Marius Pedersen Group for €240M ($327M).
    • VE says the move will help it reduce debt as part of a plan outlined by CEO Antoine Frerot in 2011.
    • The purchaser, the Marius Pedersen Foundation, already holds a 35% stake in the Danish company, which operates waste management services in Denmark, the Czech Republic and Slovakia.
    | Comment!
  • Apr. 16, 2014, 12:25 PM
    • French waste and water companies Veolia Environnement (VE +3.8%) and Suez Environnement (SZEVF) both deny they are in merger talks or even studying such a project.
    • A report earlier today from Exane BNP Paribas said the "stars are aligned" for the companies to revisit the idea of merging after discussing the possibility two year ago.
    | Comment!
  • Apr. 8, 2014, 8:44 AM
    • Veolia Environnement (VE) CEO Antoine Frerot forecasts that the company's sales from treating waste water from mining and metals will double to €1.5B ($2.1B) by 2020. The market is seen rising to over €20B from €13-14B currently.
    • Veolia is targeting the mining and metals sector - the world's second-largest user of water - as part of a strategy to generate half its revenues from industry to offset falling margins and revenue at the company's municipal-water operations.
    • Around 70% of new projects at the big six mining firms are in areas that suffer from water shortages.
    • And Veolia reckons it can recover minerals from the waste water as well as treating it.
    | Comment!
  • Mar. 30, 2014, 2:30 AM
    • The Dassault family's holding company has resigned from Veolia Environnement's (VE) board after Chairman and CEO Antoine Frerot survived an attempt to remove him a month ago.
    • Frerot was instead given a new four year term, pending shareholder authorization.
    • Groupe Industriel Marcel Dassault owns 6.3% in Veolia.
    • Thierry Dassault has resigned as an observer on Veolia's supervisory board. (PR)
    | Comment!
  • Feb. 27, 2014, 9:09 AM
    | 1 Comment
  • Feb. 27, 2014, 3:55 AM
    • Veolia (VE) swung to a loss of €135M in 2013 from a profit of €404M a year earlier, with the latest figure exceeding consensus of €82M.
    • Adjusted net profit jumped to €223M from €58M a year earlier, topping expectations of €70M.
    • Adjusted operating profit +17% to €922M.
    • Revenue fell to €22.31B from €23.24B, mainly due to asset sales.
    • Net financial debt fell to €8.2B from €9.6B at the end of Q3.
    • Veolia aims to boost adjusted operating cash flow by 10%, and it is targeting "significant growth" in adjusted operating and net profit.
    • Veolia will pay a dividend in 2015 of €0.70 a share for 2014.
    • Yesterday, the company's board proposed keeping Antoine Frerot as CEO for another four years despite attempts by a main shareholder to remove him. (PR)
    | 2 Comments
  • Feb. 26, 2014, 9:59 AM
    • Veolia Environnement (VE -1%) CEO and Chairman Antoine Frerot appears set to keep his job despite shareholder unrest as the board prepares to meet, WSJ reports.
    • A person proposed by shareholders seeking to replace Frerot says he is not a candidate for the position, and the French government, VE's largest shareholder with a 9.3% stake, reportedly is prepared to support Frerot at the board meeting.
    • VE has been hard hit by the economic crisis in Europe, and shares are trading at a fifth of their value six years ago.
    | Comment!
  • Feb. 23, 2014, 3:41 AM
    • Veolia Environnement (VE) CEO Antoine Frerot is facing a battle for survival, with Bloomberg reporting that the company's board could decide whether to keep or fire him at a meeting on Wednesday.
    • David Azema, who runs the agency that manages state holdings in firms, has been approached about succeeding Frerot.
    • Veolia's second-largest shareholder, Groupe Industriel Marcel Dassault, wants to remove Frerot; Veolia's biggest stockholder is the French state.
    • Frerot has already survived one challenge to his position, in February 2012.
    | 7 Comments
  • Feb. 20, 2014, 7:45 AM
    • Veolia Environnement's (VE) Argentine subsidiary Proactiva Medio Ambiente says it secured a 10-year contract to handle the waste management of Buenos Aires.
    • The contract represents a cumulative revenue of €500M ($688M) for VE over the 10-year period.
    • VE +3.3% premarket.
    | Comment!
  • Feb. 18, 2014, 8:42 AM
    • Veolia Environnement (VE) wins a contract to supply and treat water for Royal Dutch Shell's (RDS.A, RDS.B) Carmon Creek heavy oil project in Canada.
    • VE will supply the 50K tons/day of steam needed to produce as many as 80K bbl/day of oil using enhanced oil recovery methods; no financial details are disclosed.
    | Comment!
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Company Description
Veolia Environnement SA provides environmental management services. These services include water supply, treatment and recovery of industrial effluent, waste collection, processing and recycling among others.
Sector: Utilities
Country: France