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Investing.com -- French utility company Veolia reported solid nine-month results for 2025, with revenues increasing 3.2% to €32.3 billion, in line with market expectations.
The company posted stronger performance at the EBITDA level with 5.4% organic growth to €5.08 billion, representing a 2.9% increase on a reported basis. EBIT showed even better results, reaching €2.73 billion, up 5.2% on a reported basis.
Net debt stood at €19.92 billion, supported by an €850 million hybrid issuance that is expected to be reversed by year-end. Excluding this temporary effect, debt levels were in line with expectations. The company continues to expect its net debt to EBITDA leverage ratio to remain below 3.0x for 2025.
Veolia fully confirmed its 2025 guidance, targeting 5-6% organic EBITDA growth that should generate net income growth of approximately 9%, translating to about €1.67 billion. The company also reaffirmed its longer-term outlook, maintaining its target of 5% EBITDA CAGR and 10% net income CAGR for the 2024-27 period.
Veolia shares rose 0.5% following the announcement.
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