Veolia Achieves Revenue and EBITDA Growth in Q1 2026

Veolia has reported a group turnover of €11.427 billion for the first quarter of 2026. This marks an increase of 1.0 per cent compared to the same period in the previous year. When excluding energy prices, this represents a growth of 2.1 per cent. The company’s EBITDA reached €1.766 billion, representing organic growth of 5.1 per cent. Additionally, the EBITDA margin improved by 73 basis points to 15.5 per cent.

The organic turnover growth varied across the company’s segments. The Water segment grew by 2.0 per cent, while the Energy division saw an increase of 4.1 per cent, excluding the impact of energy prices. The Waste segment recorded a slight decrease of 0.1 per cent. Geographically, the Americas, Asia-Pacific, and Africa/Middle East regions collectively grew by 3.1 per cent. Europe, excluding France, showed growth of 0.8 per cent. Without energy price effects, this figure rises to 3.0 per cent. The division for France & Hazardous Waste Europe reported a 0.6 per cent increase.

The French group’s adjusted EBIT for the quarter stood at €971 million, an organic increase of 7.2 per cent. Net financial debt was reported at €20.797 billion.

Strategic Acquisitions and Efficiency Gains

Veolia realised €96 million in efficiency gains during the first quarter, contributing to an annual target of over €350 million. The company aims to increase the proportion of efficiency gains derived from digital and AI-based solutions to 50 per cent by 2030. This is up from 23 per cent in 2025. Furthermore, there is an ambition to achieve over €1 billion in annual turnover from the data centre and microelectronics sector by 2030.

Strategic expansion includes the acquisition of Enviropacific, an Australian company specialising in PFAS soil remediation, for a value of AUD 228 million. Enviropacific’s turnover for the 2025 financial year was approximately AUD 250 million. Additionally, the acquisition of Clean Earth, a Hazardous Waste company in the USA, is expected to be finalised by June 2026.

Commitment to Sustainability and Future Growth

Following the Clean Earth acquisition, a divestment programme of over €2 billion is planned to be executed within two years. In terms of synergies, €30 million have been realised from the Water Technology integration. The target is €90 million by 2027.

The company has been included in the Dow Jones World & Europe Sustainability Index for the year. A notable project is in Karviná, Czech Republic, which aims for a coal phase-out by 2029. This is projected to reduce CO2 emissions by 200,000 tonnes per year.

Veolia has confirmed its guidance for 2026, projecting EBITDA growth of +5 to +6 per cent and net profit growth of at least +8 per cent. The company’s leverage ratio is targeted to remain at or below 3x, excluding the Clean Earth acquisition. The GreenUp plan and other strategic growth initiatives are reported to be on schedule.

Key Figures for 2025

In 2025, the company employs a workforce of 215,000 individuals and supplies drinking water to 110 million people. It also provides wastewater services to 97 million people. 

The annual energy production amounts to 45 million megawatt-hours, and 64 million tonnes of waste are treated. The company reports an annual turnover of €44.4 billion.

Read More

• Veolia’s 2025 Financial Performance and Growth Insights
• EEW Increases Turnover And Profit In 2024
• AVR Reports Revenue Growth As Operations Resume
• MVV Generates Revenue Of EUR 1.7 billion In Q1 2026
• Veolia’s Karviná Plant Ends Coal Use by 2029