CONTINUED STRONG GROWTH IN RESULTS
OBJECTIVES FULLY CONFIRMED
- Solid 9M 2025, in line with our annual guidance
- Sustained Revenue growth, in line with first half, of +3.2%(1) to €32,323M
- Solid operating performance, with an organic growth of EBITDA of +5.4%(2) to €5,080M, fueled by revenue growth, operational efficiency and synergies in line with targets
- Dynamic capital allocation policy creating value, with €2.3bn of net financial investments, including notably acquisitions in Water Technologies and Hazardous Waste
- Leading to Net financial debt(3) well under control at €19,925M and a leverage ratio of 3.0x, in line with our trajectory
- Objectives fully confirmed
KEY FIGURES
Revenue
€32,323M
+3.2% ↑ (1)
EBITDA
€5,080M
+5,4% ↑ (2)
EBITDA margin
15,7%
+50bps ↑
Current EBIT(3)
€2,737M
+7.9% ↑(2)
Net Financial Debt(3)
€19,925M (6)
REVENUE BY GEOGRAPHY
France
€6,616M
+0.0%
Central and Eastern Europe
€7,727M
-1.5% ↓
Northern Europe
€3,205M
+1.1% ↑
Iberia
€2,190M
+6.4% ↑
Italy
€693M
+4.1% ↑
Latin America
€1,382M
+10.2% ↑
Africa Middle-East
€1,327M
+6.7% ↑
North America
€2,362M
+3.8% ↑
Asia
€1,754M
+2.2% ↑
Pacific
€1,509M
+1.5% ↑
Water Technologies
€3,555M
+2.0% ↑
Estelle Brachlianoff, CEO of the Group, a stated:
“Truly international, Veolia benefits from dynamic global demand, delivering strong performance quarter after quarter and showing sustained profit growth over the first nine months of 2025.
The Group generates 80% of its revenue internationally, and its activity outside Europe(4) has increased by nearly +5%(2) since the beginning of the year and by nearly +7%(2) during the third quarter alone.
The relevance of the priorities of the GreenUp plan is once again confirmed by the very good operational performance of the activities, notably boosters(5), whose EBITDA is sharply growing.
The dynamic and successful capital allocation policy continues, with €2.3bn invested in Water Technologies and Hazardous Waste outside Europe, following divestitures of non-strategic assets the previous year.
This strong performance, in a complex global context, makes us fully confident in achieving our objectives for the year.”
AGENDA
- 25 November 2025: Thema - Inauguration of Poznan cogeneration facility in Poland
- 26 February 2026: FY 2025 Results
(1) At constant scope and forex and excluding energy prices
(2) At constant scope and forex
(3) Before Suez PPA
(4) IFRS 8 Segment Rest of the World
(5) Boosters: water technologies, hazardous waste, bioenergies, flexibility and energy efficiency
(6)Including c.€850M of temporary favorable impact of hybrid bond issuance to be reversed at year-end
ABOUT VEOLIA
Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024.
CONTACTS
MEDIA RELATION
Laurent Obadia - Evgeniya Mazalova
Charline Bouchereau - Anna Beaubatie
Aurélien Sarrosquy
Tél.+ 33 (0) 1 85 57 86 25
[email protected]
INVESTORS RELATIONS
Selma Bekhechi - Ariane de Lamaze
Tél. + 33 (0)1 85 57 84 76 / 84 80
[email protected]