Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€71.00	Wmwzpfs	Vqfszzv

Veolia Earnings: Solid Results In Line With Consensus; Management Raises 2023 Guidance

Tancrede Fulop

Aug 3, 2023

We don't plan to materially change our EUR 30.50 fair value estimate after no-moat Veolia released solid first-half results, though they were in line with the company-compiled consensus and management increased its 2023 EBITDA guidance. Shares are trading in 3-star territory.

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