Utility Veolia posts higher Q1 profits and keeps 2021 outlook

By Reuters8 days ago

Reuters. The logo of Veolia is seen in Saint-Herblain near Nantes, France, April 12, 2021. REUTERS/Stephane Mahe

PARIS (Reuters) - French utility Veolia, which last month agreed a 13 billion euros ($15.6 billion) merger deal with rival Suez, posted higher first quarter earnings on Wednesday and kept its 2021 financial outlook.

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Veolia reported earnings before interest, tax, depreciation and amortisation (EBITDA) for the first quarter ending March 31 of 1.078 billion euros, up from 970 million a year earlier.

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