Veolia Environnement SA (OTCPK:VEOEY)
$ 16.06 0.34 (2.16%) Market Cap: 22.99 Bil Enterprise Value: 36.01 Bil PE Ratio: 23.11 PB Ratio: 1.72 GF Score: 86/100

Half Year 2023 Veolia Environnement SA Earnings Call Transcript

Aug 03, 2023 / 06:30AM GMT
Release Date Price: $15.37 (-3.45%)
Operator

Ladies and gentlemen, welcome to the Veolia conference call on H1 '2023 Results with Estelle Brachlianoff, CEO; and Claude Laruelle, CFO. I now hand over to Estelle Brachlianoff. Madame.

Estelle K. Brachlianoff
Veolia Environnement SA - CEO & Director

Thank you very much, and good morning to all of you. Thanks for joining for this conference call to present Veolia's first semester's results, and I'm accompanied by Claude Laruelle, Chief Financial Officer. I'm on Slide 3. Following the record results in 2022, the performance achieved during the first semester is once again very strong and a new all-time high. At constant total ForEx, our revenue increased by 14.2% to EUR 22.7 billion, EBITDA grew by 8.2%, current EBIT by 13.3% and current net income by 18.7% to EUR 662 million. Our free cash flow has significantly improved, and our net financial debt is well under control. These very good results in a complex environment, our testimony to Veolia's powerful business model of value creation.

The group is built on a diversified geographical footprint,

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