Very good Q1 performance with solid growth
and significant EBITDA progression, in line with annual guidance
- Solid growth continues, driven by the demand for essential services and environmental security
- Sustained EBITDA progression of +5.1%(1), in line with annual guidance, and current EBIT(2) up +7.2%(1)
- Unique positioning as a worldwide innovative and multilocal player, and a business model combining resilience and growth, leading to limited Middle-East war impact
- Continued Group profile transformation towards international and innovative services, fueling growth and efficiency beyond GreenUp
- 2026 guidance and GreenUp plan trajectory fully confirmed
KEY FIGURES
Revenue
€11,427M
+2.1% (3)
EBITDA
€1,766M
+6.1% (1)
Current EBIT(2)
€971M
+7.2% (1)
Efficiency gains €96 million in the first quarter, in line with the annual target of over €350 million
REVENUE BY GEOGRAPHY
Estelle Brachlianoff, CEO of the Group, a stated:
“Veolia's first quarter performance demonstrates the solidity of the Group's growth profile and confirms its excellent development outlook. We have built a model whose resilience is structurally anchored in our fundamentals. Focused on environmental security, Veolia addresses growing critical needs, and our business model makes us relatively insensitive to economic cycles or inflation.
With organic revenue growth of +2.1%(1) excluding energy prices and a remarkable increase in our EBITDA of +5.1%(1), we are showing our ability to perform and to maintain our operational discipline with €96 million in efficiency gains in the first quarter.
We are determinedly continuing to transform the Group profile towards international markets and technologies. Thus, in the first quarter, we continued to develop innovative offerings with the acquisition in PFAS decontamination in Australia, and have completed the main steps to successfully close the strategic acquisition of Clean Earth in the US by the end of June.
Innovation is at the heart of our strategy. We have announced an ambitious plan to accelerate our presence in the data center and microelectronics industries, aiming for more than one billion euros in annual revenue by 2030. At the same time, we are committed to doubling the share of operational efficiency gains from digital and artificial intelligence to reach 50% by 2030.
We confidently confirm our 2026 targets and the trajectory of our GreenUp plan. Together, we are building the environmental security of tomorrow.”
CALENDAR
- 30 July 2026: H1 2026 Results
- 6 November 2026: 9M 2026 Key Figures
- February 2027: FY 2026 Results
(1) At constant scope and forex
(2) Before Suez PPA
(3) At constant scope & forex and excl. energy prices
ABOUT VEOLIA
Veolia, a global leader in environmental services, works every day to build ecological security for the benefit of public health and the competitiveness of industries and regions. With 215,000 employees across five continents, working closely with local communities, and thanks to its cutting-edge technologies, the group cleans up pollution, reduces carbon emissions, and regenerates resources through concrete solutions that combine its expertise in water and water technologies, waste - including hazardous waste management, and local energy. In 2025, the Veolia group served 110 million people with drinking water and 97 million with sanitation, produced 45 million megawatt hours of energy, and treated 64 million tons of waste. Veolia Environnement (Paris Euronext: VIE, Fortune 500, SBF 120) generated consolidated revenue of €44.4 billion in 2025.
CONTACTS
MEDIA RELATION
Laurent Obadia - Evgeniya Mazalova
Charline Bouchereau - Anna Beaubatie
Aurélien Sarrosquy
[email protected]
INVESTORS RELATIONS
Selma Bekhechi - Ariane de Lamaze
[email protected]