Veolia stock: Stronger Q3 growth meets portfolio transformation
Published on 11/09/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth, disposals and upcoming milestones
- Third-quarter revenue growth accelerated as international operations and Water activities strengthened.
- Veolia improved its EBITDA margin and continued the Clean Earth integration.
- The Asia event and full-year results are the next scheduled corporate milestones.
Veolia reported stronger operating momentum in the third quarter and continued its portfolio transformation. Since the previous Ad Hoc News report on Saturday, November 7, the Lang & Schwarz quote moved from 33.74 euros to 34.49 euros at 17:47 CET on Monday, November 9, a 2.22 percent increase. This comparison is separate from the Xetra daily close.
Third-quarter momentum strengthens
Veolia said on Thursday, November 5, that third-quarter revenue rose 5.0 percent at constant scope and exchange rates, excluding energy prices. International operations and Water activities were key contributors to the acceleration.
For the first nine months, revenue reached 33.310 billion euros, while EBITDA increased 5.1 percent to 5.404 billion euros. The EBITDA margin improved by 50 basis points to 16.2 percent, and current EBIT rose 6.7 percent to 2.950 billion euros before the Suez and Clean Earth purchase price allocation effects.
The figures and management comments are set out in Veolia's nine-month 2026 key figures.
Portfolio transformation advances
Veolia said 570 million euros of disposals had already been signed at an average multiple of 10.4 times EBITDA, toward a disposal plan exceeding 2 billion euros. The transactions cover activities including building management, industrial cleaning, oil recycling and waste-related businesses; one oil-recycling agreement remains subject to consultation and regulatory approvals.
The company also confirmed its 2026 objectives, including organic EBITDA growth of 5 percent to 6 percent and growth of at least 8 percent in current net income attributable to the group at constant exchange rates, including Clean Earth. The Asia event is scheduled for December 1 to 3, followed by the full-year 2026 results on February 17, 2027.
Veolia Environnement S.A.
- ISIN: FR0000124141
- Paris ticker: VIE
- Latest quote: 34.49 euros on Lang & Schwarz, November 9, 2026, 17:47 CET
- Nine-month revenue: 33.310 billion euros
- Nine-month EBITDA: 5.404 billion euros
- 2026 guidance: Fully confirmed
European investors are also watching the Euro Stoxx 50 as the regional market backdrop for large-cap shares.
More news and analyses on Veolia stock will follow the December Asia event and the February results.
