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VEOLIA DELIVERED OUTSTANDING 2021 PERFORMANCE AT ALL LEVELS

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RECORD RESULTS 
 
ACTIVITY AND RESULTS SIGNIFICANTLY ABOVE 2020 AND 2019 
 
ACCELERATION OF GROWTH DRIVEN BY NEW OFFERINGS AND INTERNATIONAL DEVELOPMENT, CONFIRMING THE SOUNDNESS OF OUR STRATEGIC PROGRAM
 
SUCCESSFUL TENDER OFFER ON SUEZ

VEOLIA BEGINS 2022 IN VERY GOOD CONDITIONS THANKS TO ITS PORTFOLIO OF CONTRACTS LARGELY PROTECTED AGAINST INFLATION AND THANKS TO THE SYNERGIES EXPECTED FROM THE ACQUISITION OF SUEZ

  • STRONG REVENUE GROWTH OF +9,6%1 TO €28 508M
  • VERY STRONG EBITDA GROWTH, OF +16%1, TO €4 234M, ABOVE OUR REVISED TARGET
  • €382M OF EFFICIENCY GAINS, ABOVE OUR ANNUAL OBJECTIVE OF €350M
  • CURRENT EBIT STRONGLY UP BY  +42%1, TO €1 766M
  • CURRENT NET INCOME GROUP SHARE OF €896M, UP +133%
  • RECORD FREE CASHFLOW OF €1 341M2
  • PROPOSAL TO INCREASE THE DIVIDEND BY 43% TO €1 PER SHARE

          

  • 2022 OBJECTIVES3:

    - SOLID REVENUE GROWTH

    - ORGANIC GROWTH OF EBITDA BETWEEN +4% AND +6%

    - CURRENT NET INCOME GROUP SHARE AROUND €1.1BN, AN INCREASE OF MORE THAN 20%, CONFIRMING AN ACCRETION  OF AROUND 10%

    - LEVERAGE RATIO CONFIRMED AROUND 3x

1 Variation at constant forex
2 Including €122M Suez dividend
3At constant forex - Without extension of the conflict beyond the Ukrainian territory and without significant change in the energy supply conditions in Europe

2021 year ended on the same strong note as in the first nine month, achieving record results. Revenue growth remained strong throughout the year, both in terms of volumes (up 3%) and in value, thanks to the tariff indexation mechanisms in the majority of our contracts enabling to offset cost inflation. Moreover, the continued improvement of our efficiency has substantially amplified this increase of revenue. Our record results demonstrate the strength and the sound execution of our strategic program Impact 2023, particularly the new growth opportunities for international development and innovative offerings. It is these foundations that enable our Group to be resilient today in the face of the conflict in Eastern Europe, as in previous crises. Veolia therefore starts 2022 in good conditions, just as we begin to integrate the activities we bought from Suez through the tender offer. Close to 10 billion euros of revenue will complement our 2021 revenue of 28 billion €, an increase of more than 30% which will notably strengthen our international footprint, and accelerate innovation. This growth, in addition to the expected synergies, will enable our current net income to grow by more than 20% in 2022 and will enhance our earning per share by around 40% in 2024. The creation of the undisputed world champion of ecological transformation is underway and on track.
Antoine Frérot
Veolia’s Chairman & CEO