Veolia Warns of Lower 2011 Earnings Amid Reorganization
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Veolia Environnement SA warned of lower full-year earnings as the world’s biggest water utility slims down amid slower economic growth that could hurt its industrial waste business.
“We are all expecting austerity plans and this will leave us exposed to an economic slowdown,” Chief Financial Officer Pierre-Francois Riolacci said today on a call. “Today there is no clear signal that things are turning very bad.”