Veolia Environnement S.A. is a French multinational corporation specializing in environmental services, including water, waste, and energy management. Headquartered in Aubervilliers, France, Veolia operates in over 56 countries with approximately 215,000 employees. In 2024, the company reported a revenue of €44.7 billion and a net income of €1.53 billion, reflecting its strong position in the ecological transformation sector.
Executive Summary
- Ticker: VIE (Euronext Paris)
- Market Cap: Approximately €30 billion
- 2024 Revenue: €44.7 billion
- 2024 Net Income: €1.53 billion
- Employees: 215,000
- CEO: Estelle Brachlianoff
- Chairman: Antoine Frérot
Business Segments
Veolia operates through three primary business lines:
- Water Management: Providing drinking water and wastewater services to millions globally.
- Waste Management: Collecting, recycling, and treating waste materials.
- Energy Management: Supplying energy services, including district heating and cooling.
Financial Performance
- 2024 Revenue: €44.7 billion, up 5.0% excluding energy prices.
- EBITDA: €6.79 billion, a 5.8% increase.
- Net Income: €1.53 billion, a 14.6% rise.
- Free Cash Flow: €1.16 billion.
- Net Debt: €17.8 billion, with a leverage ratio of 2.63x.
Strategic Initiatives
- GreenUp Plan (2024–2027): Aiming for €8 billion in EBITDA by 2027, with €4 billion in growth investments, focusing on water, waste, and energy.
- Acquisitions: In 2025, Veolia acquired five hazardous waste treatment companies for €300 million, enhancing its capabilities in this sector.
- Technological Advancements: Developed the Drop technology to eliminate 99.99% of PFAS chemicals, already implemented in 20 plants.
Risks & Considerations
- Macroeconomic Factors: Fluctuations in energy prices and economic downturns can impact revenue.
- Regulatory Changes: Evolving environmental regulations may affect operations.
- Integration Challenges: Merging acquired companies and technologies poses operational risks.
Conclusion
Veolia Environnement presents a compelling investment opportunity with its robust financial performance, strategic growth initiatives, and leadership in the ecological transformation sector. The company’s commitment to sustainability and innovation positions it well for long-term success.