Strong International Performance
Veolia's international operations, which account for 80% of its revenue, showed strong growth with circa double-digit EBITDA growth, particularly in North America (+6.2%), Africa and Middle East (+10.5%), and Latin America (+9.4%).
EBITDA and Margin Improvement
EBITDA increased by 5.4% on a like-for-like basis, in line with guidance, with a margin improvement of 50 basis points. Current EBIT was up 7.9%.
M&A and Capital Allocation Success
Completed EUR 2.3 billion of acquisitions in Water Technology and Hazardous Waste, enhancing growth outside Europe and leading to a 10% EBITDA increase in these segments.
Guidance Confirmation
Veolia confirmed its guidance for 2025, expecting strong Q4 performance, and announced a share buyback plan to offset employee shareholding program impact.