Veolia stock gains as Q3 growth and divestments accelerate

Published on 11/10/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Veolia stock enters the session after stronger third-quarter momentum and a confirmed annual outlook. Portfolio changes remain a central investor focus.

Growth and strategy stay on track

Third-quarter revenue growth accelerated, led by international operations and Water.
Management confirmed the 2026 guidance and the GreenUp trajectory.
The portfolio rotation is progressing alongside the integration of Clean Earth.

Veolia, FR0000124141, Illustration mit AI erstellt.

Veolia reported stronger third-quarter momentum on Thursday, November 5, 2026, with revenue rising 5.0 percent at constant scope and exchange rates excluding energy prices. The figures, published in Veolia's nine-month 2026 key figures, point to a sharper contribution from international operations and Water.

For the first nine months, revenue reached 33.310 billion euros, up 2.6 percent on the same basis excluding energy prices. EBITDA rose 5.1 percent to 5.404 billion euros, while current EBIT increased 6.7 percent to 2.950 billion euros before the Suez and Clean Earth purchase price allocation effects. The EBITDA margin widened by 50 basis points to 16.2 percent.

Portfolio rotation moves forward

Veolia said its disposal plan was well underway, with 570 million euros of disposals already signed at an average valuation of 10.4 times EBITDA. The transactions are part of a program exceeding 2 billion euros that targets non-strategic, non-top-three and mature activities. Veolia said the portfolio transformation is intended to increase the focus on international and technology-led operations.

The company also reported a successful start to the integration of Clean Earth, strengthening its platform in the United States. Management linked the quarter's performance to structural demand for water security, resource sovereignty and environmental services, while highlighting recurring efficiency plans and tighter operational management.

Annual targets remain confirmed

Veolia maintained its 2026 objectives, including solid organic revenue growth excluding energy prices and organic EBITDA growth of between 5 percent and 6 percent. Current net income attributable to the group is expected to rise by at least 8 percent at constant exchange rates, including Clean Earth. The company also expects leverage to be equal to or slightly above three times after the acquisition.

Veolia stock traded at 34.58 euros on Lang & Schwarz at 11:15 CET on Tuesday, November 10, 2026, 0.17 percent above the Xetra close of Monday, November 9. The company has scheduled its Asia event for December 1 to 3, followed by its full-year 2026 results on February 17, 2027.