Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Veolia Earnings: 2026 Guidance in Line With Expectations; 2027 Targets at Risk

Tancrede Fulop

Feb 26, 2026

Veolia's 2025 EBITDA grew 6.3% organically to EUR 7.04 billion, and current net income grew 7.4% to EUR 1.64 billion, in line with our estimate and company-compiled consensus. Its guidance is for 2026 EBITDA and net income growth at constant foreign exchange of 5%-6% and at least 8%, respectively.

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Veolia Environnement SA

Veolia Earnings: 2026 Guidance in Line With Expectations; 2027 Targets at Risk

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