Veolia’s waste business grew more slowly than water and energy in the first nine months of 2026, held back by lower energy prices and incinerator shutdowns. At the same time, the French group is selling a stake in a British energy-from-waste plant and its Czech solid waste business.
Key Takeaways
- Veolia’s waste revenue rose 1.5% to €12.1bn in 9M 2026, slower than water and energy
- Lower energy prices and incinerator shutdowns weighed on waste recovery
- €570m of divestments signed, including a minority stake in a UK energy-from-waste plant and Czech solid waste
- Clean Earth acquisition ($3bn) doubles US hazardous waste business
- Group revenue reached €33.3bn, EBITDA up 5.1%; 2026 guidance confirmed
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