Veolia Environnement Key Figures as of September 30, 2022
Veolia Environnement (Paris:VIE):
Estelle Brachlianoff, CEO of the Group commented : « After an excellent first half of the year, showing both very strong revenue and EBITDA growth, Veolia continued in Q3 with a similar trajectory with continued very strong growth of all its activities, water, waste and energy. Our tariff indexation business models with municipal clients as well as our strict pricing discipline with industrial clients have enabled us to absorb cost inflation and deliver strong earnings growth. This very good performance is also the result of an integration of Suez ahead of schedule. The implementation of the synergies is a good illustration : with 98 million euros delivered in 9 months, we have already reached our annual target. The speed and fluidity with which the teams of Veolia and Suez have come together and are working together is a great satisfaction. I want to thank all of them for the energy and enthusiasm they show every day in the service of our great ambition to become the world leader of the ecological transformation. These very good results allow us to fully confirm all our 2022 objectives and to be very well positioned for another year of strong growth in 2023. »
Detailed Key figures as of 30 September 2022
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- Revenue of €30 713 M in the 9 months 2022, up 49.1 % at constant forex vs. 9M 2021 reported. This very strong growth is derived primarily from the acquisition of Suez, which contributed to revenue growth for €7 128 M.
- Compared to 9M 2021 combined Veolia + Suez, organic growth was+13.2 %.
Revenue evolution by effect was as follows :
The following analysis of the Group’s activity is based on the combined figures of Veolia and Suez' assets.
Exchange rate effect was +€681 M (+2.5 % of combined revenue) reflecting mainly the evolution of the US dollar, Australian dollar, Sterling pound and Chinese Renminbi, partially offset by a decrease of the Polish zloty, Hungarian forint and Latin American currencies1.
Scope effect of -€472 M (-1.8 %) included mainly the asset divestitures in Scandinavia in 2021 (-€217 M) and, on the Suez side, the asset divestitures in Australia in 2021 and the remedies in the EU (hazardous waste business in France accounted as asset for sale). These negative items were partially offset by the integration of Osis by Sarp (+€91 M) in 2021.
The Commerce / Volumes / Works effect reached +€763 M (+2.8 %) thanks to good volumes in all businesses, notably in Energy and strong Water technologies and construction activities which strongly accelerated in Q3.