Veolia Environnement Stock Price, News & Analysis

Veolia announced a capital increase operation with a subscription rate of 40%, the highest in its history, involving over 150,000 employees across 40 countries. With an investment of approximately €215 million, the company issued 9,745,281 new shares, increasing employee ownership to nearly 5% of the company's capital. This effort supports Veolia's ambition to be a leader in ecological transformation, having served 95 million people with drinking water and generated a consolidated revenue of €26.010 billion in 2020.

Veolia and L'Oréal have partnered to enhance the sustainability of cosmetic packaging by using recycled plastic, helping to reduce CO2 emissions by 50% to 70%. Veolia will provide high-quality recycled plastic sourced from consumer packaging waste while ensuring compliance with stringent health and safety standards. This collaboration supports L'Oréal's 'L'Oréal for the Future' sustainable development program, aiming for significant improvements in environmental impact by 2030. Veolia's innovative pelletisation technology ensures the recycled material meets the quality of virgin plastic.

Veolia has secured a 7-year Management Contract for water and wastewater services in Riyadh, covering nearly 9 million people with expected revenues of €82.6 million. The project includes managing a 30,000 km drinking water network and a 10,000 km wastewater network. Additionally, Veolia has formed a strategic partnership with the Ministry of Investment and Water Transmission to enhance operational performance in the sector and has become the exclusive partner for Saudi Aramco in treating 200,000 metric tons of industrial waste annually.

Veolia Environnement has reported its share capital and voting rights as of November 30, 2021. The company has a total of 689,979,985 shares that form its share capital. The total number of theoretical voting rights is 729,310,649, with 716,879,777 voting rights available for exercise. This data highlights the structure of shareholding and voting capabilities within the company, and includes a clause for reporting obligations regarding crossing shareholding thresholds.

EDF and Veolia have launched a 50/50 joint venture called Waste2Glass, focusing on innovative solutions for the treatment of complex radioactive waste utilizing Veolia's GeoMelt® vitrification technology. This follows the success of their previous joint venture, Graphitech. Waste2Glass aims to simplify and broaden the application of vitrification, enabling the treatment of a wider range of waste types. The joint venture will commence in early 2022, with a pilot unit in Limay, France, for demonstrations and certification of the GeoMelt® process.

Veolia has issued EUR 500 million of hybrid debt with a 2% coupon until February 2028. This issuance attracted strong interest, with an order book totaling EUR 3.4 billion. This oversubscription allowed Veolia to set the pricing with a negative new issue concession of approximately -10 bp compared to secondary market pricing. The proceeds will be used for general corporate purposes and reflect Veolia's solid credit quality and ongoing commitment to ecological transformation.

Veolia reported record revenues of €20.357 billion for the first nine months of 2021, marking a 9.4% increase compared to 2020 and a 4.7% rise from 2019. The company's EBITDA surged by 26.4% year-on-year to €3.140 billion, with current net income increasing to €667 million. Significant efficiency gains of €299 million surpassed their annual target. Free cash flow improved to €583 million, and the company confirmed its full-year guidance, anticipating revenues above 2019 levels. Veolia is progressing with its acquisition of Suez, aiming to create a leader in ecological transformation.

Veolia Environnement reported its corporate share capital structure as of October 31, 2021. The total number of shares stands at 689,979,985, with 728,813,238 theoretical voting rights and 716,441,366 voting rights that can be exercised.

This update reinforces the importance of transparency regarding shareholding thresholds, as mandated by the company’s Articles of Association.

Veolia North America and Nautilus Solar Energy are partnering to develop three solar projects in Rhode Island. This initiative aims to deliver guaranteed energy savings to public housing authorities and supply renewable electricity to thousands of low-income residents. Covering over 55 acres, the projects will provide more than 20 million kilowatt-hours of electricity, translating into approximately $30 million in savings over 20 years. This collaboration is noteworthy as it aggregates multiple housing authorities under a single renewable energy contract.