Veolia published its financial report for the first quarter of 2026, which showed stable growth in line with its annual targets. The company’s revenue reached €11,427 million, representing 2.1% organic growth, while EBITDA rose by 5.1% to €1,766 million. The results confirm the strength of the group’s growth profile and reinforce its favorable outlook for future development.
The efficiency gains realized during the period totaled €96 million, in line with the annual target of over €350 million. Disciplined management is reflected in the current operating profit (EBIT), which increased by 7.2% year-on-year to €971 million. The quarterly figures also highlight the flexibility of the strategic model and the success of the GreenUp plan, and beyond key financial indicators, the group made significant progress in operational efficiency.
In our region (Central and Eastern Europe), revenue amounted to €3,357 million, a +0.4% increase, and when filtering out the effect of energy market prices, there was a +3.1% growth on a comparable basis. This performance was primarily driven by favorable weather factors in the energy sector – especially in Poland – which stabilized the decline in energy prices. The water business also contributed strongly to growth thanks to significant tariff indexations (mainly in Romania, Czech Republic, and Bulgaria), helping the region offset the downturn in the German solid waste market.
Estelle Brachlianoff, CEO of Veolia, emphasized that the group’s business model is structurally resilient against economic cycles and inflation. She also highlighted the ongoing international expansion, during which the company continues to reshape its profile towards international markets and technologies. Accordingly, in the first quarter, Veolia further developed its innovative offerings with a technological acquisition targeting PFAS contamination remediation in Australia, and successfully completed key steps towards closing the strategic acquisition of Clean Earth in the USA, which is expected to be finalized by the end of June.
As innovation stands at the center of the strategy, the company aims to increase revenue from servicing data centers and the microelectronics industry to over €1 billion annually by 2030. At the same time, by integrating digitalization and AI-based solutions, Veolia is committed to doubling the rate of operational efficiency gains, reaching 50% by 2030.
The group confirmed that its financial forecasts for 2026 and the trajectory of the GreenUp strategic plan remain unchanged, and it continues to build the environmental security of the future together with commitment.