Strengthening of growth in the third quarter
and strong results driven by international operations
confirm the value of Veolia's strategic positioning
2026 guidance fully confirmed
- Strengthened growth in Q3 with revenue up +5.0%(1), driven notably by International performance and Water activities
- Confirmation of Veolia's unique positioning, offering proprietary solutions to secure critical needs such as access to water or local resources
- EBITDA margin improvement by +50bps, supported by the organic growth and the continued rigor of efficiency plans
- GreenUp strategic plan moving full speed ahead with the rapid portfolio transformation towards international and technologies
- Successful start of Clean Earth integration
- Disposal plan well underway: €570 million already signed at a 10.4x EBITDA multiple
- 2026 guidance and GreenUp plan trajectory fully confirmed
KEY FIGURES
Revenue
€33,310M
+2.6% (1)
EBITDA
€5,404M
+5.1% (2)
Current EBIT(3)
€2,950M
+6.7% (2)
EBITDA margin
16.2%
+50pbs
Disposal Plan
€2bn+
€570M already signed at an average multiple of 10.4x
REVENUE BY GEOGRAPHY (At constant scope and forex)
Water Technologies
€3,403M
-2.5% and +2.6%
excl. projects
North America
€2,680M
+4.8%
Latin America
€1,589M
+10.9%
Asia
€1,757M
+3.1%
Pacific
€1,735M
+3.4%
Africa Middle-East
€1,307M
+1.5%
Central and Eastern Europe
€7,946M
+2,9%
Northern Europe
€3,303M
+5.1%
Iberia
€2,299M
+5.7%
Italy
€705M
+2.1%
France & Hazardous Waste Europe
€6,572M
-0,2%
Estelle Brachlianoff, CEO of the Group, a stated:
“Veolia delivered strong growth in the third quarter, with revenue up +5.0%(1), driven notably by the performance of our international activities and Water. This momentum reflects the strength of our positioning, offering unique solutions to address critical needs. Current context confirms that Veolia relies on powerful structural trends, including water security, resource sovereignty, and the growing demand for essential environmental services.
We continued to improve our operational performance, with a further 50-basis-point increase in EBITDA margin. This achievement demonstrates the benefits of our recurring efficiency plans, the strict discipline of our operational management and our ability to implement additional action plans whenever required.
The transformation of our portfolio towards international and innovative activities, with higher value creation, is progressing rapidly. The integration of Clean Earth has got off to a successful start, strengthening our platform in the United States, while our disposal plan is well underway, with €570 million of disposals already signed at an average multiple of 10.4 times EBITDA.
Building on these solid results we fully confirm our 2026 guidance and our GreenUp trajectory.”
CALENDAR
- 1 to 3 December 2026: Thema Event in Asia
- 17 February 2027: FY 2026 Results
(1) At constant scope & forex and excl. energy prices
(2) At constant scope and forex
(3) Before Suez and CleanEarth PPA
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]