Veolia Environnement - Financial Information

Financial Information

On December 31, 2011 shares in Veolia Environnement were held as follows: 9.2% by Caisse des Dépôts et Consignations (primary shareholder), followed by Groupe Industriel Marcel Dassault (6.3%), Groupama (5.7%), Velo Investissement (4.7%) and Électricité de France (4.0%). Individual shareholders accounted for a further 8.5% of shares, employees of the company 1.8%, treasury stock 2.7% and other institutional investors the remaining 57.1%.

Veolia issued two profit warnings in 2011 and announced plans to quit half of the 77 countries where it does business. It launched a €5bn ($6.4m) fire sale of assets. The company and its top executives were facing the prospect of a US class-action lawsuit in January 2012 over allegations that they made “misleading” statements between 2007 and 2011 about its financial well-being. The company, which was described as "struggling" by the Financial Times, said that a complaint had been filed against it in New York for violation of US federal securities laws. Veolia's shares were the worst performer on France’s CAC 40 index in 2011, falling 60%.

The following is a summary of data (in millions of euros):

Financial data in millions of euros
Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Consolidated revenue 30,078 28,603 24,673 25,245 28,620 31,574 35,765 27,847 28,704 29,647
Operating income 1,971 1,751 1,617 1,893 2,222 2,461 1,960 1,788 1,982 1,017
Net income 339 -2,054 125 622 759 928 405 559 558 -489
Stakeholder equity N/A 6,300 5,600 N/A N/A 10,191 9,532 10,131 10,804 9,835
Free cash-flow -1,525 168 694 555 901 906 -1,809 -1,344 409 438
Net financial debt 13,066 11,804 13,059 13,871 14,674 15,125 16,528 15,128 15,218 14,730
Staff 271,153 298,498 319,502 336,013 312,590 315,261 331,266

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