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“Historic” results for Veolia in 2022

2023-03-02T07:22:45.384Z


The integration of Suez assets last year enabled the company to generate a net profit of 30%. Veolia achieved results in 2022 " at their highest ever ", with the absorption of a large part of the assets of rival Suez and a net profit up 30%, for the first time exceeding one billion euros. , driven in particular by its energy activities. The water and waste giant saw its turnover increase by nearly 50% to 42.9 billion euros (at constant exchange rates), inflated for two thirds by the acqui


Veolia achieved results in 2022 "

at their highest ever

", with the absorption of a large part of the assets of rival Suez and a net profit up 30%, for the first time exceeding one billion euros. , driven in particular by its energy activities.

The water and waste giant saw its turnover increase by nearly 50% to 42.9 billion euros (at constant exchange rates), inflated for two thirds by the acquisition of Suez and for a third through its organic growth.

At constant scope and exchange rates, the increase was 14.1%.

Read alsoVeolia employees become the group's largest shareholder

“More international” dimension

Net profit reached 1.162 billion euros, driven by new contracts, particularly in energy, but also for almost half by a program of cost savings and synergies.

The group's general manager Estelle Brachlianoff hailed Thursday "

record results, above all our objectives, for a historic year on all fronts

".

According to her, the integration of the assets of Suez and some 40,000 employees (out of a total of 220,000 now) “

is a complete success, in human, financial and operational terms

”.

Today, Veolia is "

in a new dimension, more international, more innovative, more agile and on very good track

", underlined Estelle Brachlianoff, who replaced Antoine Frérot as the group's operational director in July, after having been number two for four years.

Depollution, decarbonization, the need to regenerate resources are major markets, valued at several hundred billion euros, she added: these markets "are growing faster

in the global economy, they benefit from particular support in the regulations, and we are well positioned

”.

Source: lefigaro

All business articles on 2023-03-02

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