Strong Revenue and Growth
Sales reached €11.5 billion, up 3.9% excluding energy prices. EBITDA increased by 5.5% on a like-for-like basis to €1.695 billion, with a margin improvement of 60 basis points. Current EBIT was up 8.4% to €915 million.
Strategic Acquisition of CDPQ Stake
Veolia acquired a 30% stake in its Water Technology business from CDPQ, achieving full ownership. This move is aligned with the GreenUp strategic program and is expected to deliver €90 million additional synergies by 2027.
Resilient Business Model
Veolia's business model demonstrated resilience with no direct tariff exposure and minimal dependency on GDP, supported by long-term contracts and a diversified client base.
Successful Efficiency Gains
Achieved €91 million in efficiency gains in Q1, in line with the annual target of €350 million. Digital gains represent 15% of operational efficiency.
Hazardous Waste Revenue Growth
Hazardous Waste revenue increased by 5.6%, with strong growth in Europe and the US, demonstrating the segment's resilience against macroeconomic conditions.