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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Half Year 2020 Veolia Environnement SA Earnings Call Transcript

Jul 30, 2020 / 06:00AM GMT
Release Date Price: €19.62 (-3.61%)
Antoine FrÃ;rot
Veolia Environnement S.A. - Chairman & CEO

© -

Thank you. Good morning, ladies and gentlemen, and welcome to this conference call on the Veolia H1 2020 results. I will present these results with Estelle Brachlianoff, our COO; and Claude Laruelle, our CFO; and we will then take all your questions. Before starting, please note that the conference call will end at 9:00 sharp as EDF has agreed to slightly postpone its H1 call so that analysts and investors following both stocks can listen to the 2 calls.

I will start by the key highlights of the first half, obviously marked by the COVID outbreak. And I am on Slide 5 of the slide show. A large part of Veolia's activities has proven resilient, such as essential municipal services, but other businesses have been more impacted, such as C&I waste or construction works or industrial maintenance. Our reaction to the outbreak of the crisis was swift, comprehensive and efficient.

An adaptation plan was immediately put in place, targeting EUR 200 million of additional cost savings in 2020 on top of the existing

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