Veolia Environnement SA

VIE

Equity

ISIN FR0000124141 / Valor 1098758

Euronext - Euronext Paris (2024-12-23)

EUR 26.73-0.26%

Veolia Environnement SA
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About company

Veolia Environnement SA is a global company that provides environmental solutions to municipal and industrial customers around the world. The company focuses on designing and implementing solutions that help reduce carbon emissions, conserve resources, regenerate natural systems, and clean up pollution. Veolia aims to be a leader in the ecological transformation of industries and communities, working towards a more sustainable future. With a presence on five continents, Veolia is committed to making a positive impact on the environment through its innovative and comprehensive services.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Veolia Environnement SA reported a revenue of €32,543 million for the third quarter of 2024, reflecting a growth of 1.7% at constant scope and exchange rates compared to the same period in 2023. Excluding energy prices, the revenue increased by 5.1%, driven by strong performances in water technologies and waste management activities.

EBITDA Increase

The company's EBITDA for the third quarter of 2024 was €4,936 million, marking a 5.6% increase at constant exchange rates and scope. This growth is attributed to the robust operational performance and the successful implementation of the GreenUp strategic program, which focuses on innovative solutions in water and waste management.

Current EBIT Performance

Veolia Environnement SA's current EBIT reached €2,601 million for the third quarter of 2024, showing a 6.4% increase at constant exchange rates. The improvement in EBIT is a result of the company's strategic focus on expanding its booster activities, particularly in water technologies and hazardous waste treatment.

Net Financial Debt

As of September 30, 2024, Veolia Environnement SA's net financial debt stood at €18,892 million. The company continues to manage its debt effectively while investing in growth opportunities aligned with its GreenUp strategic plan, which aims to enhance its market position and operational efficiency.

Outlook and Strategic Plan

Veolia Environnement SA remains optimistic about its future growth prospects, reaffirming its objectives for 2024 and the GreenUp strategic plan. The company targets more than €8 billion in EBITDA by 2027 and an average annual growth of 10% in current net income from 2023 to 2027, supported by its focus on decarbonization, depollution, and resource regeneration.

Summarized from source with an LLMView Source

Key figures

-8.02%1Y

-15.8%3Y

12.2%5Y

Performance

18.8%1Y

26.6%3Y

29.7%5Y

Volatility