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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Viela Bio Inc | NASDAQ:VIE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 53.01 | 52.00 | 53.01 | 0 | 01:00:00 |
(UNAUDITED DATA – AUDIT IN PROCESS)
REVENUE AND EBITDA GROWTH ACCELERATION IN Q3
VERY STRONG REVENUE AND RESULTS GROWTH IN THE FIRST 9 MONTHS OF 2022
INTEGRATION OF SUEZ AND EXECUTION OF THE €500M SYNERGY PLAN AHEAD OF SCHEDULE
CONFIRMATION OF ALL 2022 OBJECTIVES WITH AN EBITDA GROWTH AT THE UPPER END OF THE +4% TO +6% GUIDANCE RANGE
✔ 3rd QUARTER ORGANIC REVENUE GROWTH OF +13.7 %1
✔ INCREASED VOLUMES IN OUR 3 BUSINESSES, WATER, WASTE, ENERGY
✔ FAVORABLE IMPACT OF TARIFF INDEXATIONS AND OF OUR PROACTIVE PRICING POLICY
✔ €98 M OF SYNERGIES ALREADY REGISTERED IN THE 9 MONTHS, vs. AN ANNUAL TARGET OF €100 M
✔ €264 M OF EFFICIENCY GAINS, vs. AN ANNUAL OBJECTIVE OF €350 M
✔ Q3 ORGANIC EBITDA GROWTH OF +9.4 %2, EXCLUDING Q3 2021 ONE OFF OF €83 M€.
1 at constant scope and forex
2 at constant scope and forex, excluding the €83M one off OFA reimbursement in Q3 2021 (Valaubia)
Regulatory News:
Veolia Environnement (Paris:VIE):
Estelle Brachlianoff, CEO of the Group commented : « After an excellent first half of the year, showing both very strong revenue and EBITDA growth, Veolia continued in Q3 with a similar trajectory with continued very strong growth of all its activities, water, waste and energy. Our tariff indexation business models with municipal clients as well as our strict pricing discipline with industrial clients have enabled us to absorb cost inflation and deliver strong earnings growth. This very good performance is also the result of an integration of Suez ahead of schedule. The implementation of the synergies is a good illustration : with 98 million euros delivered in 9 months, we have already reached our annual target. The speed and fluidity with which the teams of Veolia and Suez have come together and are working together is a great satisfaction. I want to thank all of them for the energy and enthusiasm they show every day in the service of our great ambition to become the world leader of the ecological transformation. These very good results allow us to fully confirm all our 2022 objectives and to be very well positioned for another year of strong growth in 2023. »
Detailed Key figures as of 30 September 2022
Revenue evolution by effect was as follows :
The following analysis of the Group’s activity is based on the combined figures of Veolia and Suez' assets.
Exchange rate effect was +€681 M (+2.5 % of combined revenue) reflecting mainly the evolution of the US dollar, Australian dollar, Sterling pound and Chinese Renminbi, partially offset by a decrease of the Polish zloty, Hungarian forint and Latin American currencies1.
Scope effect of -€472 M (-1.8 %) included mainly the asset divestitures in Scandinavia in 2021 (-€217 M) and, on the Suez side, the asset divestitures in Australia in 2021 and the remedies in the EU (hazardous waste business in France accounted as asset for sale). These negative items were partially offset by the integration of Osis by Sarp (+€91 M) in 2021.
The Commerce / Volumes / Works effect reached +€763 M (+2.8 %) thanks to good volumes in all businesses, notably in Energy and strong Water technologies and construction activities which strongly accelerated in Q3.
The weather impact was -€91 M (-0.3 %). Energy in Central and Eastern Europe was impacted by a milder winter than in 2021, and to a lesser extent, Water in Chile was impacted by a cool summer leading to lower water volumes in Q1.
The energy price impact was +€1 658 M (+6.1 %), due to the increase in heat and electricity prices mainly in Central and Eastern Europe.
The recycled materials price impact was +€288M, after €244 M in the first half, and came mainly from the increase of recycled papers in France, Germany and the UK.
Service prices continued to be well oriented , leading to a favorable impact of €935 M (+3.5 %), mostly due to tariff indexation mechanisms and service price increases by an average of +4.3 % in waste and +3.4 % in Water.
The main changes by business compared with combined figures at 30 september 2021 break down as follows:
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About Veolia
Veolia Group aims to become the benchmark company for ecological transformation. Present on five continents with nearly 220,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28,508 billion euros in 2021. www.veolia.com
Important disclaimer
As the changes in the health crisis are difficult to estimate, we draw your attention to the “forward-looking statements” that may appear in this press release and relating to the consequences of this crisis which may affect the future performance of the Company.
Veolia Environnement is a corporation listed on the Euronext Paris. This press release contains “forward-looking statements” within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement’s profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement’s contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divesture transactions, the risk that Veolia Environnement’s compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement’s financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorité des Marchés Financiers (French securities regulator). Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward looking statements. Investors and security holders may obtain from Veolia Environnement a free copy of documents it filed (www.veolia.com) with the Autorités des Marchés Financiers.
This document contains "non‐GAAP financial measures". These "non‐GAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards.
1Main exchange rate impacts : US $ (+€256 M), Australian dollar (+€65 M), Sterling pound (+€55 M), Czech corona (+€56 M), Chinese RenMinBi (+€59 M), Polish zloty (-€36M), Hungarian forint (-€51 M), chilean peso (-€18 M), argentine peso (-€34).
View source version on businesswire.com: https://www.businesswire.com/news/home/20221108005962/en/
Group Media Relations Laurent Obadia Evgeniya Mazalova Tél : + 33 (0)1 85 57 86 25
Investor Relations Ronald Wasylec - Ariane de Lamaze Tél. : + 33 (0)1 85 57 84 76 / 84 80
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