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Investing.com -- Veolia reported second-quarter revenues of €10.5 billion on Thursday, representing a 2% year-over-year increase at constant foreign exchange and scope, and 4% excluding energy prices, which was in line with consensus expectations.
The environmental services company posted EBITDA of €1.67 billion, up 5.5% year-over-year at constant foreign exchange and scope (3% including scope and foreign exchange effects), also matching analyst forecasts.
The company’s leverage ratio stood at 3x for the first half of 2025, aligning with market expectations.
By division, Water Technology revenue growth reached 2.8%, which appears modest but shows improvement from flat growth in the first quarter to 5.4% in the second quarter.
Veolia fully reaffirmed all its 2025 and GreenUp targets despite foreign exchange headwinds.
Key targets include maintaining a leverage ratio below 3x by the end of 2025, achieving over €8 billion in EBITDA by 2027, and delivering a 10% compound annual growth rate in current net income between 2023-2027 at constant scope and foreign exchange.
While the unchanged financial targets provide some reassurance to investors, the top-line growth figures remained broadly unchanged at the group level compared to the first quarter.
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