Veolia Environnement Q1 Results: Profit Rises 4.2%, Full-Year Targets Confirmed

Veolia Environnement SA reported a 4.2% YoY increase in first-half profit to €762m, driven by cost cuts and rising demand for water reuse and desalination technologies. The utility reiterated its 9% forecast for current net income at constant exchange rates and a 5-6% increase in EBITDA on an organic basis for the full year. Veolia is gaining from stricter regulations on hazardous waste and an economic slowdown due to US trade wars.

Veolia Environnement SA reported a 4.2% year-over-year (YoY) increase in first-half profit to €762 million, driven by cost cuts and rising demand for water reuse and desalination technologies. The utility reiterated its 9% forecast for current net income at constant exchange rates and a 5-6% increase in EBITDA on an organic basis for the full year.

The company's revenue grew by 3.8% to €22,048 million, with strong performance in water (+3.4%) and waste (+2.4%) segments. The EBITDA increased by 5.5% to €3,367 million, reflecting operational efficiency and synergies. The company's net financial debt remained well under control at €20,764 million, with a leverage ratio of 3.0x, in line with its 2025 trajectory and GreenUp plan.

Veolia's dynamic capital allocation policy contributed significantly to its growth, with €2.2 billion in net financial investments in the first half, including the acquisition of a 30% stake in Water Technologies Services and nearly €300 million in targeted acquisitions in hazardous waste treatment in the United States, Brazil, and Japan.

The company's results were supported by a favorable economic environment, with stricter regulations on hazardous waste and an economic slowdown due to US trade wars. Veolia's ability to demonstrate agility in a constantly evolving environment enabled it to maximize value creation for its stakeholders.

References:
[1] https://markets.ft.com/data/announce/detail?dockey=600-202507310130BIZWIRE_USPRX____20250730_BW960340-1