Exhibit 99.1
PRESS RELEASE
NOVEMBER 9, 2000
VIVENDI ENVIRONNEMENT
NET SALES AT SEPTEMBER 30, 2000
INCREASE OF 30.9% TO 18.8 BILLION EUROS,
INCLUDING INTERNAL GROWTH OF 11.2%
59% OF NET SALES GENERATED OUTSIDE FRANCE
Total net sales at September 30, 2000 increased 30.9% to 18.8 billion euros,
compared with 14.3 billion euros at September 30, 1999. The rise came
principally from internal growth of 11.2%, and major acquisitions made in 1999.
<TABLE>
<CAPTION>
VIVENDI ENVIRONNEMENT
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------
| At Sep. 30, 2000 | At Sep. 30, 1999 | 1999/2000 | Internal | External | Exchange |
| | | variation | growth | growth | rate |
| (in millions | (in millions | | | | variations |
| of euros) | of euros) | | | | |
| | | | | | |
--------------------------------------------------------------------------------------------
| 18,770 | 14,344 | +30.9% | +11.2% | +15.6% | +4.1% |
--------------------------------------------------------------------------------------------
</TABLE>
The changes in scope of consolidation had a positive impact of 2.1 billion euros
after taking into account the sale of Kinetics at the end of August with effect
from January 1, 2000. The positive impact of exchange rate variations amounted
to 0.6 billion euros.
Net sales outside France increased 50% to 11 billion euros, representing almost
59% of the total. 20% of net sales were generated in the U.S.
<PAGE>
<TABLE>
<CAPTION>
WATER
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------
| At Sep. 30, 2000 | At Sep. 30, 1999 | 1999/2000 | Internal | External | Exchange |
| | | variation | growth | growth | rate |
| (in millions | (in millions | | | | variations |
| of euros) | of euros) | | | | |
| | | | | | |
--------------------------------------------------------------------------------------------
| 9,061 | 6,857 | +32% | +9.6% | +17% | +5.5% |
--------------------------------------------------------------------------------------------
</TABLE>
Internal growth for business outside France amounted to more than 15%,
principally as a result of new contracts in Germany and the U.S. Internal growth
in France rose slightly. External growth is due primarily to the consolidation
of USFilter's business for the whole of the period, compared with only five
months at September 30, 1999.
<TABLE>
<CAPTION>
WASTE MANAGEMENT
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------
| At Sep. 30, 2000 | At Sep. 30, 1999 | 1999/2000 | Internal | External | Exchange |
| | | variation | growth | growth | rate |
| (in millions | (in millions | | | | variations |
| of euros) | of euros) | | | | |
| | | | | | |
--------------------------------------------------------------------------------------------
| 3,777 | 2,434 | +55.2% | +13.7% | +36% | +5.5% |
--------------------------------------------------------------------------------------------
</TABLE>
Internal growth was strong, particularly outside France, because of a very good
level of business in all the group's markets. External growth reflects the
consolidation of Superior Services (only consolidated for two months at
September 30, 1999) and, to a lesser extent, the acquisition of certain assets
in the U.S.
<TABLE>
<CAPTION>
ENERGY
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------
| At Sep. 30, 2000 | At Sep. 30, 1999 | 1999/2000 | Internal | External | Exchange |
| | | variation | growth | growth | rate |
| (in millions | (in millions | | | | variations |
| of euros) | of euros) | | | | |
| | | | | | |
--------------------------------------------------------------------------------------------
| 2,120 | 1,912 | +10.9% | +8.6% | +1.3% | +1% |
--------------------------------------------------------------------------------------------
</TABLE>
The increase in net sales is due to the commissioning of numerous cogeneration
facilities in France, and the expansion of business in Northern and Eastern
Europe.
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<PAGE>
<TABLE>
<CAPTION>
TRANSPORTATION
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------
| At Sep. 30, 2000 | At Sep. 30, 1999 | 1999/2000 | Internal | External | Exchange |
| | | variation | growth | growth | rate |
| (in millions | (in millions | | | | variations |
| of euros) | of euros) | | | | |
| | | | | | |
--------------------------------------------------------------------------------------------
| 2,248 | 1,722 | +30.5% | +14.8% | +12.3% | +3.4% |
--------------------------------------------------------------------------------------------
</TABLE>
Internal growth amounted to more than 18% in business outside France, due mainly
to the start of new contracts in Scandinavia, Germany, and Australia. External
growth corresponds principally to the consolidation from January 1, 2000 of
businesses acquired from GTI.
*
* *
These results confirm the group's medium-term growth targets. Future months will
reflect the start of major contracts recently awarded by both industrial and
municipal customers.
IMPORTANT DISCLAIMER
--------------------
THIS DOCUMENT CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE
"SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. THESE STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT EXPECTATIONS OR BELIEFS
AND ARE SUBJECT TO A NUMBER OF FACTORS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS. THE FOLLOWING FACTORS, AMONG OTHERS, COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS:
INABILITY TO FURTHER DEVELOP NEW PRODUCTS AND SERVICES, INCREASED COMPETITION
AND INABILITY TO ESTABLISH AND MAINTAIN NEW CONTRACTS. INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ VIVENDI'S REGISTRATION STATEMENT ON AMENDMENT NO. 1 TO
FORM 20-F AND OTHER DOCUMENTS FILED BY VIVENDI WITH THE U.S. SECURITIES AND
EXCHANGE COMMISSION AT THE COMMISSION'S WEB SITE AT WWW.SEC.GOV. THESE DOCUMENTS
MAY ALSO BE OBTAINED FOR FREE FROM VIVENDI.
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