Veolia Environnement SA (XPAR:VIE)
€ 30.62 -0.04 (-0.13%) Market Cap: 21.92 Bil Enterprise Value: 31.59 Bil PE Ratio: 23.92 PB Ratio: 1.78 GF Score: 87/100

Q1 2019 Veolia Environnement SA Corporate Sales Call Transcript

May 02, 2019 / 06:30AM GMT
Release Date Price: €20.51 (+1.00%)
Operator

2019 Results Conference Call of Veolia Environnement. I now hand over to Antoine Frérot, CEO; and Claude Laruelle, CFO. Gentlemen, the floor is yours.

Antoine FrÃ;rot
Veolia Environnement S.A. - Chairman & CEO

© -

Thank you. Good morning, everyone, and welcome to this presentation of Veolia's first quarter 2019 results. I'm joined this morning by Estelle Brachlianoff, our COO; and Claude Laruelle, our CFO.

The first quarter 2019 results presentation is a bit special as accounts have been established for the first time according to the new IFRS 16 for lease accounting. Claude will give you all the details on the impacts.

As for me, when I present the highlights of the quarter, I will give you the variation excluding the IFRS 16 impacts in order to show the underlying quarter-on-quarter performance.

And I start now with the highlights and I am on Slide 4. The first quarter 2019 is a good start to the year for Veolia in line with the performance of previous quarters. The continued strong top line growth, plus 4.8% at

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