Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€56.00	Zqlmxh	Rkskhxvpn

Market Overestimates the Impact of the Economic Slowdown on Veolia

Tancrede Fulop

Aug 8, 2022

Business Strategy and Outlook

Veolia Environment is the world's largest water company. Treatment and distribution of water accounts for about 40% of the group's revenue. In France, where Veolia is the historical leader, the business has been affected by a wave of contract renewals since 2010, which reduced profitability, but the bulk of those renewals is over.

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