VEOLIA : Oddo BHF maintains its opinion on the share
First-quarter results were "above our expectations and those of the consensus", notes the analyst.
Above all, "2023 guidance has been confirmed", says the broker.
These include: solid organic growth, cost savings in excess of 350 ME, merger synergies expected to exceed 280 ME by the end of 2023, organic EBITDA growth of +5% to +7%, net income before non-recurring items attributable to equity holders of the parent of around 1.3 BnE, and an expected net debt/EBITDA ratio of around 3x.
All of which confirms Oddo BHF's expectations.
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