Veolia Environnement S.A. ( (VEOEY) ) has released its Q3 earnings. Here is a breakdown of the information Veolia Environnement S.A. presented to its investors.
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Veolia Environnement S.A. is a global leader in ecological transformation, providing innovative solutions for water management, waste recovery, and energy services across five continents. The company recently reported strong financial performance for the first nine months of 2024, with a notable 5.1% increase in revenue, excluding energy prices, driven by growth in water technologies and hazardous waste treatment, particularly in Europe. Veolia’s EBITDA rose by 5.6%, supported by operational efficiencies and synergies from the integration of acquired assets, exceeding the annual target and prompting an upward revision of synergy targets to over €430 million by the end of 2024. The company executed a dynamic capital allocation strategy, including over €1 billion in non-strategic asset divestments and €700 million in strategic acquisitions, maintaining net financial debt under control with a leverage ratio expected below 3x by year-end. Looking ahead, Veolia remains committed to its GreenUp strategic program, confirming its objectives for 2024 and beyond, while continuing to adapt to the evolving economic landscape.
