Good resilience of operating cash flow due to its complementary businesses and despite the impact of the downturn in the economy

Priority for 2009: Positive free cash flow, particularly due to a reduction in net investments by at least €1.6 billion as compared with 2008

Veolia Environnement, via the combination of its subsidiaries Soval and Dalkia, has been awarded the public service delegation contract for the operation of the thermal complex of Hauts de Garonne.

Consolidated revenue : + 18.0% (at constant exchanges rates)of which 10.9% organic growth

Dalkia and Solar Euromed have teamed up to work on SOLENHA, France's first thermo-dynamic solar power plant. This, the first solar concentration power plant in France, will be built at Aspres sur Buëch.

Strong business momentum, increase in cash flow from operations and action plan targeting improved profitability

Dalkia has won the international RFP for the operation and maintenance of the biggest shopping center in Bulgaria.

In a tender issued by the French government, Dalkia has been selected to build three biomass-fired combined heat and power (CHP) plants, with a total generation capacity of 122 megawatts, or 40% of the combined 300 MW output of the different projects awarded under the tender. The new facilities will burn 830,000 tonnes of biomass per year.

The Asian Development Bank (ADB) and Paris-based Dalkia Group have entered a multi-project loan agreement to finance a series of district heating, district cooling, and cogeneration projects in the People's Republic of China (PRC) to improve energy efficiency and reduce air pollution.

Revenue up 18.9% at constant exchange rates