Veolia Environnement SA
XBER:VVD

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Veolia Environnement SA Logo
Veolia Environnement SA
XBER:VVD
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Price: 29.6 EUR 1.09% Market Closed
Market Cap: 21.2B EUR

Veolia Environnement SA
Investor Relations

In the bustling world of environmental services, Veolia Environnement SA has carved a niche as a global leader in managing a plethora of essential yet challenging tasks. Founded in 1853, this French multinational has expanded its prowess across three vital sectors: water management, waste management, and energy services. At its core, Veolia's mission is to optimize resource use through innovative solutions and technology, positioning itself as an indispensable partner in sustainable development. The company's expertise ranges from wastewater treatment and environmental remediation to energy efficiency enhancements and waste recycling. With operations spanning across numerous countries, Veolia taps into local needs while leveraging its international experience, thereby securing revenue streams through long-term service contracts and strategic partnerships with municipalities, industries, and various organizations.

The company's business model thrives on its ability to offer integrated services that address complex environmental challenges while promoting ecological sustainability. Veolia's water segment, for instance, involves the collection, treatment, and distribution of drinking water, along with wastewater treatment and recycling—efforts that are vital for urban centers facing water scarcity. In waste management, the company is known for transforming non-recyclable waste into energy through innovative technologies, contributing to the circular economy. Lastly, Veolia's energy division specializes in operating energy plants and enhancing energy efficiency for buildings, which resonates strongly in an era focused on reducing carbon footprints. This multifaceted approach not only aligns Veolia with global sustainability goals but also ensures a steady cash flow from diverse yet interconnected business operations, positioning it well in an ever-increasing environmentally conscious market.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 7, 2025
AI Summary
Q1 2025

Strong Q1 Results: Veolia reported robust Q1 2025 results with sales of EUR 11.5 billion, up 3.9% excluding energy prices, and EBITDA up 5.5% to EUR 1.695 billion, showing solid margin improvement.

Guidance Confirmed: Management fully confirmed both 2025 and 2027 financial guidance, including targets for EBITDA, net income growth, and ROCE, despite macroeconomic uncertainties.

Strategic Acquisition: Veolia acquired CDPQ's 30% minority stake in its Water Technology business for EUR 1.5 billion (11x 2025 EV/EBITDA post-synergies), securing full ownership and targeting EUR 90 million in annual synergies by 2027.

Leverage and Balance Sheet: Net financial debt decreased to EUR 18.8–18.9 billion and leverage ratio improved to 2.75x, well below the 3x target even after the acquisition.

Resilience to Macroeconomy: Management emphasized Veolia’s high resilience, estimating 85% of revenue is immune to macroeconomic shifts, with diversified contracts and limited exposure to tariffs and inflation.

Efficiency and Synergy Delivery: EUR 91 million in Q1 efficiency gains and EUR 25 million in Suez merger synergies were delivered, on track for full-year targets.

Growth Across Geographies: Solid performance across Europe, North America, Asia, and Latin America, with hazardous waste and energy efficiency strong in multiple regions.

Key Financials
Revenue
EUR 11.5 billion
EBITDA
EUR 1.695 billion
Current EBIT
EUR 915 million
Net Financial Debt
EUR 18.8–18.9 billion
Leverage Ratio
2.75x
Efficiency Gains
EUR 91 million
Suez Merger Synergies
EUR 25 million in Q1; EUR 460 million cumulative
Hazardous Waste Revenue (Europe)
+5.1%
Hazardous Waste Revenue (U.S.)
+8.5%
Water Technology Synergy Target
EUR 90 million by 2027
Revenue Growth Target (Water Tech)
6% to 10% per year (2023–2027)
ROCE
8.8% at end of 2024
Dividend
To grow in line with current EPS
Net Income (Guidance)
10% per year CAGR (2023–2027)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ronald Wasylec
Head of Investor Relations
No Bio Available
Mr. Jean-Baptiste Carpentier
Chief Compliance Officer
No Bio Available
Mr. Laurent Obadia
Deputy CEO of Stakeholders & Communications and Advisor to the Chairman
No Bio Available
Ms. Isabelle Calvez
Senior Executive Vice President of Human Resources
No Bio Available
Mr. Régis Calmels
Senior Executive Vice President of Asia
No Bio Available
Mr. Philippe Guitard
Senior Executive Vice President of Central & Eastern Europe
No Bio Available
Mr. Éric Haza
Chief Legal Officer
No Bio Available
Mr. Jean-François Nogrette
Senior Executive VP and Director of the France & Special Waste Europe
No Bio Available
Mr. Frederic Van Heems
Senior Executive Vice President of North America
No Bio Available
Mr. Gustavo Migues
Senior Executive Vice President of Iberia & Latin America
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
21 Rue La Boetie
Contacts
+33171750000.0
www.veolia.com