Veolia Environment: Strong Revenue and Results Growth First Consolidation of Suez’s Activities

  • 13.05.2022
  • Business Wire

For Veolia, 2022 has started very well, despite the effects of the war in Ukraine on the global economy, exacerbated by Covid restrictions in China. For Veolia, the main highlight of these opening months was, of course, welcoming the Suez teams from January 19. The ease of this integration confirmed our conviction: that Veolia and Suez employees share the same culture and have the same concern for performance and excellence in addressing ecological issues. In terms of numbers, revenue growth obviously reflects the first-time consolidation of Suez assets, but also benefited fully from good trends in our markets and the many innovations and added-value offerings that we have developed for several years. Compared to the combined revenue of the new entity, the Group’s organic growth was particularly robust at +14.7%. This good business momentum is reflected in strong growth of results, with EBITDA of +7.6% and Current EBIT of +18%, thanks to ongoing strict cost discipline and the efficiency of our tariff indexation and hedging models, which allowed us to absorb the impacts of inflation on our costs, particularly in energy. Once again, Veolia has demonstrated the resilience, the adaptability and the dynamics of a great champion of ecological transformation. These very strong results enable us to confirm all our short and medium term objectives.