Economic performance
A value creation for our activities...
Sustainable development intrinsically forms part of Veolia Environnement's commercial development.
The financial performance of our businesses is based on the ability to promote a genuine circular saving, particularly by systematically analyzing material and resource flows in regions, in the context of actions involving local communities, public services and companies.
These exchanges require that the quality of our contracts and acceptance of our services and solutions are optimized. Contractual relations are subject to a permanent and transparent evaluation of the quality and suitability of the delivered services. Therefore, the financial performance depends on close cooperation between responsible partners within a value creation chain, based on cooperative models.
...that can be seen in the Group'sresults
This table presents how the income from our activities is redistributed to our different stakeholders.
The Group's consolidated revenue was equal to 32.6 billion Euros on the 31st of December 2007. This was 14% more than in 2006.
External growth is due particularly to acquisitions made by Veolia Environmental Services in the United Kingdom and in Germany (contribution of the order of 1,200 million Euros), Veolia Energy in Europe and in Australia (254 million Euros) and Veolia Transport in France and in the United States (161 million Euros).
The build up in strength of the biomass industry for Veolia Energy-Dalkia justifies strategic decisions made about renewable energy, with the renovation of the Vandoeuvre heat network and acquisition of PanPower in Hungary. Other acquisitions marked the year 2007, particularly the acquisition of Sulo (recycling) in Germany and several companies in the transportation business in the United States.
The Group's international growth accelerated in 2007 with an increase in the share of the total turnover now equal to 56% of the total (compared with 53% in 2006).
This overseas growth is also boosted by the start up of new contracts signed in 2006, particularly in Central Europe, Asia Pacific (water contracts for Shenzhen, Lanzhou and Kumming), South Korea (a metro line in Seoul) and the United Kingdom with integrated waste management contracts (Shropshire, East Sussex, Nottinghamshire).
Activity was also strong due to Veolia Water AMI's (Africa, Middle East, India) development of activity in Morocco,
the construction of seawater desalination plants by reverse osmosis in the Sultanate of Oman, and by thermal desalination in Saudi Arabia (800,000 m3/d).