Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Veolia Earnings: Continuing Resiliency Against a Challenging Backdrop; Shares Undervalued

Tancrede Fulop

Nov 6, 2025

Veolia's nine-month top line grew by 3.7% organically, in line with the first half. EBITDA grew by 2.9% in the third quarter and 5.3% organically, also roughly in line with the first half. The adverse foreign-exchange effect worsened in the third quarter. Guidance for 2025 was confirmed.

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Veolia Environnement SA

Veolia Earnings: Continuing Resiliency Against a Challenging Backdrop; Shares Undervalued

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