Veolia: 9m EBITDA up over 5%

(CercleFinance.com) - For the first nine months of 2024, Veolia Environnement reports recurring EBIT of E2.
6bn, with EBITDA of E4.94bn, up 6.4% and 5.6% respectively, LFL.

In addition to operational efficiencies and synergies ahead of the annual target already achieved at end-September, EBITDA growth is underpinned by sales growth (+1.7% LFL) to over E32.5bn.

CEO Estelle Brachlianoff highlights the growth of the GreenUp plan's "booster" activities (+6.9%), stimulated by innovative offerings in water technologies and good momentum in hazardous waste treatment activities, particularly in Europe.

The utilities group therefore confirms its earnings and growth targets for 2024, while raising its annual target for cumulative synergies to over E430m by end-2024, out of a total plan of E500m by 2025.


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