Paris, France – Veolia Environnement SA held their Q3 2024 Results Conference Call on November 7, 2024, where Chief Executive Officer Estelle Brachlianoff and Deputy Chief Financial Officer Emmanuelle Menning presented the company’s financial performance for the first 9 months of the year.

Brachlianoff highlighted the positive results achieved by Veolia, emphasizing the alignment with their annual targets and the successful implementation of their GreenUp strategic plan. The company’s revenue saw a significant increase, driven by growth in their booster activities and geographies. Operational efficiency and synergies also played a key role in Veolia’s success, exceeding their targets in both areas.

The company’s earnings per share growth was attributed to three main factors: top-line growth, efficiency and synergies, and portfolio transformation. Veolia’s revenue increased by 5.1% excluding energy prices, with particularly strong growth in their booster activities and geographies. The third quarter revenue growth surpassed that of the first half of the year, demonstrating continued momentum.

Efficiency gains reached €296 million, surpassing their annual target, while synergies also met expectations. Brachlianoff expressed confidence in Veolia’s performance and strategic direction, highlighting their ability to capitalize on new growth opportunities and navigate challenges in the market.

Analysts from firms such as Morgan Stanley, Deutsche Bank, and Goldman Sachs participated in the conference call, showing interest in Veolia’s financial results and strategic outlook. The overall consensus was positive, with investors and analysts impressed by the company’s resilience in a complex business environment. Veolia’s strong performance in the first 9 months of 2024 sets a solid foundation for future growth and development under their GreenUp strategic plan.

Looking ahead, Veolia remains focused on sustainable growth and operational excellence, continuing to leverage their strengths and seize opportunities in the market. The company’s commitment to innovation and strategic investments positions them well for long-term success in the evolving environmental services sector.