The marked improvement in operating profit reflects the company wide-ranging initiatives to streamline operations and increase profitability.
* 2010 operating profit includes a non-recurring amount of €119.4 million.
Financial highlights
2010 Key Figures
Operating profit
In millions of euros
Investments
In millions of euros
Investments continued to be limited in order to reinforce Dalkia's financial structure, with partnerships playing a more significant role in growth.
* Excluding the TNAI subsidiary in the United States.
** As of 2010, total warranty commitment costs are no longer capitalized. They accounted for €115 million in 2009.
Cash flow
In millions of euros
* As of 2010, total warranty commitment costs are no longer capitalized. They accounted for €115 million in 2009.
Debt and stockholders' equity
Consolidated figures
In millions of euros
Debt was maintained at 2009 levels, despite growth in revenue, with an improvement in the debt-to-revenue and debt-to-equity ratios.
Note
Figures presented are for managed activities (including Veolia Energy North America) unless otherwise indicated. Consolidated figures are presented in the appendix entitled "2010 Financial Statements".
