The French concern Veolia Environnement reported growth in revenues, operating earnings and profits for the first quarter of the 2015, and was "fully on the path of the significant results improvement envisioned as part of the group’s transformation plan, for which 2015 is the final year," according to CEO Antoine Frerot. Consolidated revenues rose 8.5 per cent to €6.305bn, while net income surged nearly 88 per cent to €212m compared to last year's first quarter result. The rise came despite weak waste business in Europe.
In Europe, the concern reported that waste volumes had yet to recover in France. Revenues from the waste business fell on Veolia Environnement's home market by 1.0 per cent at current scope of consolidation on the loss of municipal and commercial collection contracts and the reduction in landfilled volumes. In Germany, commercial waste collection activities had contributed to an 11 per cent drop in revenue. At the same time, revenues fell nearly 5 per cent at constant scope and exchange rates in the UK mainly due to the waste business as lower construction revenues from municipal waste to energy plants were only partly offset by increases in incinerated waste volumes.
