Veolia Environnement S.A. (VEOEY)
OTHER OTC:VEOEY
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive tone: management reported resilient organic revenue (+2.1%) and solid EBITDA growth (+5.1%) with margin expansion (+73 bps), improved free cash flow (+EUR 144m), clear M&A progress (Clean Earth cleared and on-track) and active portfolio management and efficiency gains (EUR 96m in Q1). The main negatives were temporary and situational — weather-related volume disruptions, Middle East-driven project-signing delays in Water Technology, and translation/ForEx headwinds (EUR 33m EBITDA impact). Management reiterated full-year guidance and emphasized structural strengths (diversified multi-local model, high indexation, strong liquidity and targeted innovation), indicating that positives materially outweigh the identified headwinds.Company Guidance
Strong Q1 Financial Performance
Revenue of EUR 11,427 million (EUR 11.4bn), up 2.1% organic (constant scope & FX, excluding energy prices). EBITDA EUR 1,766 million, up 5.1% organic (5.8% including tuck-ins). EBITDA margin expanded by 73 bps to 15.5%. Current EBIT EUR 971 million, up 7.2% organic.
Improved Cash Generation and Controlled Balance Sheet
Net free cash flow improved by EUR 144 million versus Q1 2025. CapEx disciplined at EUR 860 million (down from >EUR 1bn prior year). Net financial debt EUR 20.8 billion (seasonally higher by ~EUR 1.1bn) with EUR 6.7 billion liquidity and 85% of debt fixed; ratings remain strong.
Geographic Momentum — U.S. and International Growth
Growth outside Europe +3.1% ( +5.3% including tuck-ins). U.S. growth stood out (management cited ~+7.5% at constant FX; Emmanuelle reported +5.2% / +7.5% including tuck-ins). Pacific region +8.1% (including Australia acquisition).
Business Mix Shift and Booster Performance
Strongholds (municipal water, solid waste, district heating) generated EUR 8.4bn, up 2.5% organic. Boosters (Water Tech, Hazardous Waste, Bioenergy) >EUR 3bn, up 2.2% including tuck-ins — would have grown ~4.6% excluding Water Tech project-signing delays. Strongholds + Boosters now represent ~30% of revenue, reflecting strategic shift to higher-growth, higher-margin activities.
M&A and Synergy Progress
Clean Earth (USD 3bn) acquisition: antitrust clearance and shareholder approval obtained; expected close mid-2026 and accretive to current net income from 2027 (before PPA). Water Tech bolt-on: EUR 1.5bn invested; 1/3 of planned EUR 90m synergies extracted (EUR 30m), including EUR 10m in Q1.
Operational Efficiency and Digital/AI Contribution
Delivered EUR 96 million of efficiencies in Q1, with EUR 62 million retained (higher-than-normal retention). Digital/AI accounted for 23% of recurring operational efficiencies in 2025; target to reach 50% by 2030. Management highlighted specific AI/digital tools (e.g., 'Talk to My Plants') driving plant productivity and cost-savings.
Strong Water Technology & Specialized Offers
Water Technologies (excluding projects) grew ~4.3% with notable EBITDA progression. New targeted offers for AI industries/data centers: revenue grew from USD 150m (2019) to USD 560m (2025), targeting ~USD 1bn by 2030. PFAS offering scaled from EUR 0 (2022) to EUR 259m (2025).
Guidance Confirmed
Management fully confirmed 2026 guidance: organic EBITDA growth 5–6% and current net income growth ~8% at constant FX (excluding Clean Earth). Clean Earth expected to be accretive to current net income from 2027 before PPA.
VEOEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VEOEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $20.33 | $20.72 | +1.92% |
Feb 26, 2026 | $20.32 | $20.36 | +0.17% |
Nov 06, 2025 | $16.23 | $16.54 | +1.88% |
Jul 31, 2025 | $16.91 | $16.55 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Veolia Environnement S.A. (VEOEY) report earnings?
Veolia Environnement S.A. (VEOEY) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Veolia Environnement S.A. (VEOEY) earnings time?
Veolia Environnement S.A. (VEOEY) earnings time is at Jul 30, 2026, Before Open (Confirmed).
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What companies are reporting earnings today?
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What is VEOEY EPS forecast?
VEOEY EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.