Veolia Environnement SA (CHIX:VIEp)
€ 27.555 0.01 (0.04%) Market Cap: 20.13 Bil Enterprise Value: 30.46 Bil PE Ratio: 19.15 PB Ratio: 1.64 GF Score: 80/100
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Full Year 2018 Veolia Environnement SA Earnings Call Transcript

Feb 21, 2019 / 07:30AM GMT
Release Date Price: €19.7 (+1.26%)
Operator

Ladies and gentlemen, good morning. Welcome to the Veolia conference for the annual results 2018. I will now give the floor to Antoine Frérot, CEO. Over to you, sir.

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

© -

Thank you. Good morning one and all. Welcome to this conference call to disclose the annual results of Veolia.

There are 3 of us this morning to make this presentation. I will start by explaining the key results for the group in 2018, take a look back at the financial performance of the past 3 years and present our 2019 objectives. Then Claude Laruelle, our CFO, will give you details on the financial results of 2018 as well as the impact of the new standard, IFRS 16, on the group's accounts for the next years. Then Estelle Brachlianoff, our COO, will give you details about 2019 road map with its 2 pillars: growth and efficiency. And then the 3 of us will take all your questions.

So let me start with the highlights of 2018. Financial performance for 2018 at Veolia is summarized on Slide 4. This

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