Veolia Environnement Adr (VEOEY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the VOEA Publications and Affluent Financial Information Conference call with Estelle Braxton of CFO of CFO. At this time, following the presentation, we will conduct question and answer session. If at any time during this call, you require immediate assistance, please press start. Thank you very much and good morning everyone. Thank you for joining this conference call to present Veolia's Q1 key figures. I will start on slide 4 by highlighting the key achievements of the first quarter. We delivered a strong Q1. Resilient growth and solid EBITDA progression fully aligned with our annual guidance in spite of a difficult environment. Our unique multi-local model has proven its value again, combining resilience with growth potential based on the sustained demand for essential services. which has led to limited impact from the Middle East conflict and even future opportunities. I will come back to that in a minute. We are continuing our strategic transformation towards international markets and technology-driven solutions with new settings in Q1. I will also come back to innovation after our dedicated day recently held in London, as it is core to our strategy, fueling growth and efficiency targets for years to come beyond the Greenland plan. I, of course, will fully confirm our 2026 guidance as well as our grid-up trajectory. This result demonstrates that Veolia's business global strategy is robust, diversified, and well-positioned to navigate uncertainty while capturing growth opportunities in essential environmental services. Now, let's look at the specific numbers for Q1 2026, and I'm on slide five. Revenue reached €11.4 billion, up 2.1% at Constant Scope and Forex, and excluding energy prices. This represents resilie...