Veolia Environnement SA is a French environmental services group listed on Euronext Paris under the ticker VIE and included in the Fortune 500 and the SBF 120 index. It generated consolidated revenue of EUR 44.4 billion in 2025 and employed 215,000 people worldwide that year, a figure the group now presents as 216,000 on its corporate site. Estelle Brachlianoff is chief executive. Veolia organises its work around three activities - water, waste and local energy - and sells them mainly as long-term operating contracts to municipalities, utilities and industrial customers rather than as one-off equipment sales, which gives the group a large recurring revenue base and makes its results sensitive to contract renewals, indexation and energy prices.
What the group operates
- Water - drinking water production and distribution, wastewater collection and treatment, industrial water management, desalination and water reuse.
- Waste - collection and sorting, materials recovery, industrial and hazardous waste treatment and recovery, and landfill and incineration operations.
- Energy - district heating and cooling networks, energy efficiency for buildings and industry, local low-carbon generation and electrical flexibility services.
These are supported by specialist units including Veolia Water Technologies, hazardous waste businesses in Europe and North America, nuclear solutions, engineering and consulting, and a dedicated agriculture arm. In 2025 the group supplied 110 million people with drinking water, connected 97 million people to wastewater systems, treated 64 million tonnes of waste, produced 45 million megawatt hours of energy and served 561,051 business customers. It managed 3,825 drinking water production plants, 3,202 wastewater treatment plants, 845 waste processing facilities, 48,538 thermal installations, 494 heating and cooling networks and 2,614 industrial sites.
First-half 2026 results
For the six months to 30 June 2026 Veolia reported revenue of EUR 22,193 million, up 1.5% at constant scope and exchange rates and excluding energy prices. Current EBIT rose 6.4% at constant scope and exchange rates to EUR 1,956 million and current net income, group share and before the Suez and Clean Earth purchase price allocations, rose 10.4% at constant exchange rates to EUR 837 million. The EBITDA margin improved by 70 basis points, and efficiency gains of EUR 195 million were booked against an annual target of more than EUR 350 million. By geography, Central and Eastern Europe contributed EUR 5,751 million of revenue, France and Hazardous Waste Europe EUR 4,318 million, Water Technologies EUR 2,213 million, Northern Europe EUR 2,161 million, North America EUR 1,581 million, Latin America EUR 1,046 million and Africa and the Middle East EUR 819 million. The company raised its guidance for the full year and said its GreenUp strategic programme through 2027 was on track.
Portfolio moves and financing in 2026
The most significant transaction of the year was the completion on 1 June 2026 of the Clean Earth acquisition, which doubled Veolia's US hazardous waste business, took group revenue in the United States above USD 6 billion on the company's own account and made it the second-largest hazardous waste treatment operator in the country. The disposal programme that accompanies the group's shift towards international and technology-led activities also progressed during the year. On the financing side, Veolia issued EUR 1.15 billion of bonds on 26 August 2026, and in water it signed a major contract in July 2026 to modernise the water infrastructure of Cúcuta in Colombia. In September 2026 three strategic agreements were signed in Saudi Arabia covering environmental security services. The group also runs an employee shareholding programme: a plan offered to 180,000 employees opened in June 2026, and on 16 September 2026 Veolia reported record participation, which it said strengthened employees' position as the leading shareholder. A stakeholders' assembly in June 2026 called for faster adoption of water reuse.
Position on ecological security
Veolia frames its markets around environmental security: securing water supply, eliminating pollutants, and supplying essential services to industry, including the fast-growing demand from data centres and artificial intelligence infrastructure. Droughts, heatwaves and industrial water needs are the demand drivers the group highlights in its reporting, alongside resource sovereignty in Europe. Its technology offering spans desalination, water reuse, PFAS and micropollutant treatment, digital monitoring of networks and decarbonised heating, and it publishes an annual integrated report, a sustainability report and a universal registration document through its finance pages.
Contact and reporting
Veolia publishes group press releases and their RSS feed, financial publications, regulated information and shareholder material on its corporate site, with separate English and French editions and country sites across Europe, the Americas, Africa, the Middle East and Asia Pacific. The group's printed contacts are media relations and investor relations teams rather than a single general mailbox, and the contact page on the corporate site sits behind bot protection that blocked automated retrieval, so no general e-mail address could be verified for this record.