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Merger of the energy giants: Veolia in the midst of economic growth

Veolia reports spectacular growth, with net income up 121% to 523 million euros in the first half of 2023. The merger with Suez and strong growth in the water and energy sectors contributed to these remarkable results.

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Veolia reported a 121% increase in half-year net profit to 523 million euros on Thursday. This is driven by strong growth, particularly in its water and energy businesses, and after the first half of 2022 marked by the merger of energy giants Veolia and Suez.

Merger of energy giants: sales of 22.757 billion euros for Veolia

Sales for the first six months of 2023 amounted to 22.757 billion euros, up 14.2%.

These results are “once again at an all-time high, despite the unfavorable macroeconomic context”, emphasized Group CEO Estelle Brachlianoff.

They “reflect our commercial dynamism, as well as our operational excellence, and confirm our low sensitivity to economic cycles”, she added, emphasizing “the complementary nature of our three businesses (water, waste, energy) and the Group’s diversified global geographic footprint”.

The environmental services giant confirms its full-year forecasts, targeting the upper end of its Ebitda (EBITDA) growth range, expected between +5 and +7%.

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