- Veolia’s EBITDA rose by 3.3% year-on-year, reaching €3.27 billion, meeting estimates.
- Revenue decreased by 2.7% year-on-year to €22.14 billion, falling short of the €22.28 billion estimate.
- France and Special Waste Europe revenue: €4.53 billion
- Europe excluding France revenue: €9.25 billion
- Rest of the world revenue: €5.96 billion
- Water technologies revenue: €2.40 billion
- Water revenue: €8.80 billion
- Waste revenue: €7.73 billion
- Energy revenue: €5.62 billion
- Current net income rose by 10% year-on-year to €731 million.
- Net income increased by 24% year-on-year to €651 million.
- Net debt rose by 11% half-on-half to €19.89 billion.
- Yearly forecast:
- Organic EBITDA growth expected to be between 5% and 6%
- Current net income forecast to exceed €1.5 billion, above the €1.48 billion estimate
- Leverage ratio expected to remain below 3
- Firm confirms full-year guidance and 2024-2027 targets.
A look at Veolia Environnement SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Veolia Environnement SA, a company that operates utility and public transportation services, is positioned with a mixed long-term outlook based on Smartkarma Smart Scores. The company excels in areas of Dividend and Growth, scoring high on both fronts with a 4 and 5 respectively. This indicates a strong potential for steady dividend payouts and healthy growth prospects in the future. However, Veolia Environnement SA shows lower scores in Value and Resilience, with a 3 and 2 respectively, suggesting some challenges in terms of current valuation and resilience to adverse market conditions. Nevertheless, the company demonstrates a solid Momentum with a score of 4, indicating positive market sentiment and potential upward movement in the near future.
With a diversified portfolio that includes supplying drinking water, waste management services, heating and air conditioning system maintenance, as well as operating rail and road passenger transportation systems, Veolia Environnement SA has established itself as a key player in the utility and public transportation sector. Investors may find the company attractive for its promising dividend payouts and growth potential, despite some concerns regarding valuation and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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