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Veolia profit rises as water technology business returns to growth

By Reuters News

Nov 5 (Reuters) - French water and waste group Veolia VIE.PA reported a 5.1% rise in nine-month core profit on Thursday as growth in its international operations and a recovery in its water technologies business offset lower energy prices.

Veolia, Europe's largest environmental services company, provides water, waste and energy services to municipalities and industrial customers across the world.

  • Nine-month revenue rose 2.6% at constant scope and forex, excluding energy prices, to €33.31 billion

  • Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at €5.40 billion, a 5.1% rise compared to a year earlier

  • Water Technologies posted 2.6% organic growth in the first nine months, as improving order intake and a recovery in Middle Eastern project activity helped offset earlier delays

  • The company says it secured nearly €200 million in contracts in Oman and the United Arab Emirates, representing a total capacity of 490,000 cubic meters per day

  • The company fully confirmed its full-year guidance and GreenUp plan trajectory

($1 = 0.8880 euros)

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