Feb. 25, 2021, 1:52 a.m. EST

Veolia 2020 earnings fall on lower revenue

By Cecilia Butini

Veolia Environnement SA on Thursday said that its earnings for 2020 declined on lower revenue.

The French resource-management company posted net profit of 88.8 million euros ($108.1 million) for the year, compared with EUR624.9 million the year prior.

Earnings before interest, taxes, depreciation and amortization were EUR3.64 billion for the period, down from EUR4.02 billion the previous year but above the group's revised target thanks to EUR278 million in efficiency gains, Veolia said.

Revenue came in at EUR26 billion in 2020, declining from EUR27.19 billion in 2019.

The company proposed a dividend of EUR0.70 for 2020.

Write to Cecilia Butini at cecilia.butini@wsj.com

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