Veolia continues its ecological transformation and reports solid financial results for H1 2024.
- Administrateur
- Aug 3, 2024
- 2 min read
Veolia, a global leader in water management, waste management, and energy services, continues to distinguish itself through solid financial performance and ecological transformation initiatives as well as strategic expansion of its activities.
Financial Performance for the First Half of 2024
In the first half of 2024, Veolia recorded solid EBITDA growth, demonstrating a stable growth trajectory. Achieving significant synergies and cost savings enabled the company to meet its annual targets, strengthening the confidence of investors and financial analysts.
Ecological Transformation Strategies
Veolia has reinforced its leadership in ecological transformation with the validation of its accelerated decarbonization trajectory by the Science Based Targets initiative (SBTi). This validation confirms Veolia’s commitment to reducing its carbon emissions and contributing to the fight against climate change. The strategic GreenUp program aims to accelerate this transformation by integrating innovative technologies and optimizing operations globally.
Strategic Expansions and Initiatives
Veolia announced the sale of its North American sulfuric acid regeneration business for $620 million, with the goal of refocusing its activities on key strategic segments. This sale is part of Veolia’s strategy to concentrate on its core competencies and strengthen its position in the water, waste, and energy markets. Additionally, Veolia has entered new strategic partnerships to expand its operations and enhance its service offerings in key regions such as Central Europe and the Asia-Pacific region.
Veolia has also launched a new employee share ownership plan, offering nearly 190,000 employees the opportunity to become shareholders. This initiative aims to align the interests of employees with those of the company and strengthen team commitment to achieving Veolia’s strategic goals.
Veolia continues to position itself as a key player in global ecological transformation through ambitious strategic initiatives and robust financial performance. The achievement of synergies and cost savings, combined with a strong commitment to sustainability, are expected to support the company’s future growth.
You will find a presentation file on Veolia attached to this article.
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