Veolia Environnement Adr (VEOEY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Julia Nine Months Key Figures Conference Call and Webcast with Estelle Brashinoff, CEO, and Emmanuel Manning, CFO. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press the star zero for the operator. This call is being recorded today, November 6, 2025. I would now like to turn the conference over to Estelle Brachenault. Please go ahead. Good morning, everyone, and thank you for joining us for this conference call to present Veolia's nine-month key figures, and I'm accompanied by Emmanuel Muning, our CFO. I'm on slide four for the key takeaways. Our nine-month results are, once again, very good, with strong underlying business trends and a favorable momentum going into the end of the year. Our nine-month performance in EBITDA terms was particularly strong internationally, where the group generates 80% of its revenue, as well as for our boosters, as I will explain in a few minutes. In a rather challenging environment, this sustained performance quarter after quarter is really a testimony to the choices we've made in Greenup, as well as the strength of our business model of resilience and growth. Veolia can rely on a successful combination of stronghold and booster activities added to a diversified portfolio, both by geography and customer, as well as a continued attention to performance. Moreover, we're constantly looking to create value by pruning our portfolio and have completed 2.3 billion of M&A since the beginning of the year in our boosters, water technology and hazardous waste in particular, and outside Europe. following, as you know, the disposal of non-stra...