Veolia 9-Month Operating Profit Down 6.3%

Veolia Environnement SA

reported a 6.3% decline in its 9-month operating profit. Veolia's earnings before interest, taxation, depreciation and amortization dropped to EUR1.95 billion, from EUR2.08 billion, in the year-ago period. However, analysts were expecting EBITDA of EUR1.91 billion. Its earnings before interest and tax declined 24.8% to EUR840.9 million from EUR1.12 billion, versus analysts' estimates of EUR819 million. Veolia's revenue rose 1% to EUR21.6 billion from EUR20.91 billion. Veolia shares closed at $9.90 yesterday.