Veolia: Q1 EBITDA Progression In Line With Annual Guidance

Veolia Environnement reported first-quarter current EBIT of 971 million euros, up 7.2% year over year, while EBITDA rose 5.1% organically to 1.77 billion euros. Revenue reached 11.43 billion euros, up 1.0% on a like-for-like basis and 2.1% excluding the truncated text. The report points to steady operational improvement rather than a major surprise.

Analysis

Veolia Environnement reported first-quarter current EBIT of 971 million euros, up 7.2% year over year, while EBITDA rose 5.1% organically to 1.77 billion euros. Revenue reached 11.43 billion euros, up 1.0% on a like-for-like basis and 2.1% excluding the truncated text. The report points to steady operational improvement rather than a major surprise.