Veolia Environnement SA
VIE: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€68.00 | Zbfzz | Hghjtshz |
Market Overestimates the Impact of the Economic Slowdown on Veolia
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.