Estelle Brachlianoff
Chief Executive Officer and Chair of the Management Board
Replay available
Veolia Environnement Adr (VEOEY) Q4 2025 Earnings Call
Veolia Environnement Adr (OTC: VEOEY) Q4 2025 earnings conference call, held 2026-02-26. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Daniel Tuguès
Country Head for Spain
Emmanuel Meunier
Chief Financial Officer
Arthur Sittman
Analyst, Morgan Stanley
Bartek Kubicki
Analyst, Bernstein
Scotiabank Analyst
Analyst, Scotiabank
Davide Candelo
Analyst, Intesa
Philip R. Pishen
Analyst, OpoBHF
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Veolia Environnement Sa.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.036 Good morning, everyone. Thank you for joining this conference call to present Veolia's 00:00:04.036 -- 00:00:09.043 2025 results. I'm accompanied by Emmanuel Meunier, our CFO, and 00:00:09.043 -- 00:00:12.728 by Danielle Tuguès, head of Spain. 00:00:12.728 -- 00:00:15.949 I'm on slide four. 2025 00:00:16.032 -- 00:00:21.058 was the second year of our four-year green uptime, and I consider it as a truly 00:00:21.058 -- 00:00:24.122 pivotal year in our trajectory, and I will tell you how. 00:00:24.122 -- 00:00:26.122 2025 00:00:26.465 -- 00:00:31.201 was another year of outperformance, and historical high. 00:00:31.201 -- 00:00:36.326 We exceeded our guidance with an organic EBITDA growth of plus 6.3 percent, 00:00:36.326 -- 00:00:41.952 above the target range of 5 to 6 percent, despite a complex environment 00:00:41.952 -- 00:00:45.836 and with a particularly robust fourth quarter. 00:00:45.836 -- 00:00:49.801 In the two years since the start of green-up, we have significantly improved our profitability 00:00:49.801 -- 00:00:55.063 with an increase of 150 BP in our EBITDA margin and plus 00:00:55.063 -- 00:00:57.407 11.8% average 00:00:57.407 -- 00:01:00.351 annual growth of current net income. 00:01:00.351 -- 00:01:05.159 The first half of GreenUp is a real success, and we are fully in line with our trajectory, 00:01:05.159 -- 00:01:10.187 even ahead when it comes to our ROCE at 9.4% after tax at 00:01:10.187 -- 00:01:15.836 the end of 2025. This is two years in advance of our targets. 00:01:15.836 -- 00:01:20.913 But in 2025, above all, we resolutely resumed external growth, with 00:01:20.913 -- 00:01:26.104 two major multi-billion dollars acquisitions in water technologies and U.S. 00:01:26.104 -- 00:01:31.214 hazardous waste, tw...