French environmental services giant Veolia has announced a net profit of €1,098 billion in 2024, up 17,1%. This performance is driven by the first year of deployment of its GreenUp strategic plan, focused on cutting-edge and more profitable technologies.
The group's turnover amounted to 44,7 billion euros, recording organic growth of 5%, but a slight decline of 1,45% due to the fall in energy prices and the sale of its subsidiary Sade, specializing in civil engineering and infrastructure. Chief Executive Officer Estelle Brachlianoff described these results as "historic", despite a difficult economic context.
The group's "growth boosters", including hazardous waste management, water technologies and local energy, grew by 6,6%, compared to 4,4% for traditional activities. Latin America (+10,9%), Africa/Middle East (+6,1%) and the Pacific (+7,7%) contributed to this dynamic, while Europe excluding France saw its revenues fall by 3,6% due to the energy market.
As a result, Veolia plans to increase its dividend by 12%, bringing it to 1,40 euros per share, and announces a share buyback operation over 2025-2027 to avoid dilution linked to its employee shareholding plan. A first in the group's history.
