Latest news with #WTS
The Advertiser
01-06-2025
- Sport
- The Advertiser
Triathlete stays in 'level of hurt' for silver
Australian Matt Hauser has continued his strong start to the World Triathlon Series, overcoming illness to finish second in Italy. Hauser, who was seventh at the Paris Olympics, now has a win and two runner-up finishes from the opening three rounds. Miguel Hidalgo made history as the first Brazilian to win a WTC race, beating Hauser by 28 seconds at Alghero over the 1.5km swim, 40.5km cycle and 10km run course. Hauser leads Hidalgo overall in the eight-race series, which ends at Wollongong in October. After leading the ocean swim and joining the nine-rider lead group on the bike, Hauser was no match for Hidalgo's speedy run transition. The Australian also struggled in the heat and hills on the run course, having been ill after winning the Yokohama round a fortnight ago. But he was pleased to overtake French triathlete Leo Bergere on the run to claim silver, beating him by 36 seconds, as Hidalgo won in one hour 44 minutes five seconds. "We always knew it was going to be challenging conditions with the heat, and the hills on the bike; and on the run everything was really challenging especially after battling a bit of sickness after Yokohama," Hauser said. "I dropped back to third spot (on the run) and then reeled them back in for silver. For a hot minute there I had to stay in my level of hurt. "I was lucky to finish pretty strong and hold on for silver." Fellow Paris Olympian Luke Willian returned from injury to finish fourth, while Callum McClusky (17th) and Brandon Copeland (20th) also made the top 20. Tokyo Olympian Emma Jeffcoat had her first WTS start in three years and finished 24th, while fellow Australian Ellie Hoitink did not finish. Cassandre Beaugrand of France, the Paris Olympics champion, won in 1:55:55 ahead of Italian Bianca Seregni and Olivia Mathias from Great Britain. Australian Matt Hauser has continued his strong start to the World Triathlon Series, overcoming illness to finish second in Italy. Hauser, who was seventh at the Paris Olympics, now has a win and two runner-up finishes from the opening three rounds. Miguel Hidalgo made history as the first Brazilian to win a WTC race, beating Hauser by 28 seconds at Alghero over the 1.5km swim, 40.5km cycle and 10km run course. Hauser leads Hidalgo overall in the eight-race series, which ends at Wollongong in October. After leading the ocean swim and joining the nine-rider lead group on the bike, Hauser was no match for Hidalgo's speedy run transition. The Australian also struggled in the heat and hills on the run course, having been ill after winning the Yokohama round a fortnight ago. But he was pleased to overtake French triathlete Leo Bergere on the run to claim silver, beating him by 36 seconds, as Hidalgo won in one hour 44 minutes five seconds. "We always knew it was going to be challenging conditions with the heat, and the hills on the bike; and on the run everything was really challenging especially after battling a bit of sickness after Yokohama," Hauser said. "I dropped back to third spot (on the run) and then reeled them back in for silver. For a hot minute there I had to stay in my level of hurt. "I was lucky to finish pretty strong and hold on for silver." Fellow Paris Olympian Luke Willian returned from injury to finish fourth, while Callum McClusky (17th) and Brandon Copeland (20th) also made the top 20. Tokyo Olympian Emma Jeffcoat had her first WTS start in three years and finished 24th, while fellow Australian Ellie Hoitink did not finish. Cassandre Beaugrand of France, the Paris Olympics champion, won in 1:55:55 ahead of Italian Bianca Seregni and Olivia Mathias from Great Britain. Australian Matt Hauser has continued his strong start to the World Triathlon Series, overcoming illness to finish second in Italy. Hauser, who was seventh at the Paris Olympics, now has a win and two runner-up finishes from the opening three rounds. Miguel Hidalgo made history as the first Brazilian to win a WTC race, beating Hauser by 28 seconds at Alghero over the 1.5km swim, 40.5km cycle and 10km run course. Hauser leads Hidalgo overall in the eight-race series, which ends at Wollongong in October. After leading the ocean swim and joining the nine-rider lead group on the bike, Hauser was no match for Hidalgo's speedy run transition. The Australian also struggled in the heat and hills on the run course, having been ill after winning the Yokohama round a fortnight ago. But he was pleased to overtake French triathlete Leo Bergere on the run to claim silver, beating him by 36 seconds, as Hidalgo won in one hour 44 minutes five seconds. "We always knew it was going to be challenging conditions with the heat, and the hills on the bike; and on the run everything was really challenging especially after battling a bit of sickness after Yokohama," Hauser said. "I dropped back to third spot (on the run) and then reeled them back in for silver. For a hot minute there I had to stay in my level of hurt. "I was lucky to finish pretty strong and hold on for silver." Fellow Paris Olympian Luke Willian returned from injury to finish fourth, while Callum McClusky (17th) and Brandon Copeland (20th) also made the top 20. Tokyo Olympian Emma Jeffcoat had her first WTS start in three years and finished 24th, while fellow Australian Ellie Hoitink did not finish. Cassandre Beaugrand of France, the Paris Olympics champion, won in 1:55:55 ahead of Italian Bianca Seregni and Olivia Mathias from Great Britain.
Yahoo
25-05-2025
- Business
- Yahoo
Watts Water Technologies (NYSE:WTS) shareholders have earned a 24% CAGR over the last five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But when you pick a company that is really flourishing, you can make more than 100%. One great example is Watts Water Technologies, Inc. (NYSE:WTS) which saw its share price drive 185% higher over five years. And in the last month, the share price has gained 15%. We note that Watts Water Technologies reported its financial results recently; luckily, you can catch up on the latest revenue and profit numbers in our company report. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During five years of share price growth, Watts Water Technologies achieved compound earnings per share (EPS) growth of 18% per year. This EPS growth is lower than the 23% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). It might be well worthwhile taking a look at our free report on Watts Water Technologies' earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Watts Water Technologies the TSR over the last 5 years was 196%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! It's nice to see that Watts Water Technologies shareholders have received a total shareholder return of 15% over the last year. And that does include the dividend. However, that falls short of the 24% TSR per annum it has made for shareholders, each year, over five years. The pessimistic view would be that be that the stock has its best days behind it, but on the other hand the price might simply be moderating while the business itself continues to execute. It's always interesting to track share price performance over the longer term. But to understand Watts Water Technologies better, we need to consider many other factors. For example, we've discovered 1 warning sign for Watts Water Technologies that you should be aware of before investing here. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The National
20-05-2025
- Politics
- The National
Conservation trust calls on Government to reject Flamingo Land plans
The head of Woodland Trust Scotland (WTS) has written to the Scottish Government to express the organisation's 'profound disappointment' after the Planning and Environmental Appeals Division (DPEA) reporter recommended allowing the Yorkshire-based theme park operator's appeal to the rejected planning proposal. In September 2024, Flamingo Land Ltd, had their planning permission in principle for the multi-million-pound water park rejected by all 14 board members of the Loch Lomond and the Trossachs Planning Authority. Following the Scottish Government Reporter's decision last week, Flamingo Land will be allowed to proceed to the next stage of planning and scrutiny and reach an agreement with the Loch Lomond and the Trossachs National Park Authority. READ MORE: UN warns 14,000 babies could die within 48 hours if Israel doesn't end Gaza blockade However, WTS's director, Alastair Seaman, has called on the Scottish Government to meet with the trust to discuss rejecting the Flamingo Land proposals 'once and for all' in a letter to the Public Finance Minister, Ivan McKee. Seaman wrote: 'We consider this development would have an entirely unacceptable impact on precious ancient woodland, through both direct loss and adverse impact on its ecological condition. 'The boat house element of the proposals would result in permanent and irreversible loss of woodland that cannot be compensated for through new planting - a point we made strongly at the public hearing. Ancient woodland is irreplaceable. 'Significant new development like this will expose the woodlands and their wildlife to indirect impacts that will both immediately, and gradually, degrade the ecosystem. These woods are sensitive sites that are vulnerable to change and the wildlife species that rely on them are often slow to adapt to change.' (Image: Flamingo Land) Seaman continued, saying he found it 'quite incredible' that the Scottish Government Reporter would recommend allowing the loss of ancient woodland in a National Park. He added that the development would be 'completely at odds' with the Scottish Government's plans to protect the country's National Parks biodiversity along with its ancient woodland and peat bogs. In one example the WTS boss said the Scottish Government Reporter showed 'worrying failure to grasp' the difference between the benefits ancient woodlands provide to biodiversity in comparison to new woodland or what he called 'compensatory planting'. Seaman's letter continued: 'Our view is that the reporter's conclusions are deeply flawed.' He added: 'There is a great deal more we can say about why the 'Flamingo Land' appeal should be rejected once and for all - in line with the carefully considered conclusion of the LLTNPA board, SEPA, the National Trust for Scotland, Woodland Trust Scotland, cross Party MSPs, and 155,000 members of the public, who signed a petition led by an elected Parliamentarian representing the area. 'We would be delighted to meet with you and your officials in the coming weeks to expand on our reasoning - we would be grateful to hear from your officials on this point.' Developers behind the £40 million proposal said it could create more than 100 holiday lodges, two hotels, a waterpark, a monorail, 372 car parking spaces, shops, and more on the site called Lomond Banks. Planning permission in principle will be subject to a legal agreement being reached. The final decision has therefore been deferred for the period detailed in the Notice of Intention to allow the conclusion of that agreement.
Yahoo
07-05-2025
- Business
- Yahoo
Veolia Environnement: Q1 2025 Key Figures
By taking 100% control, we will be able to unleash the full potential of this activity, both in terms of growth and performance, and thus secure the creation of sustainable value for the Group." The implementation of the GreenUp plan continues successfully with the major operation signed today for the acquisition of the 30% minority stake of CDPQ in WTS. This acquisition strengthens us in Water Technologies, a "growth booster" and a segment in which we are already a leader, as well as in our international footprint, particularly in North America. The growth of our "booster" activities thus rose to +7.2% thanks to the integration of new local energy assets and the excellent performance of hazardous waste. These achievements confirm our ability to generate sustainable growth, thanks to our multilocal and diversified geographical footprint, as well as our unique mix of activities. The combination of expertise and technologies in water, energy and waste, allows us to offer our clients essential services to protect public health, purchasing power, the competitiveness of industries and the supply of strategic resources. EBITDA increased by +5.5% (2) , driven by revenue growth, efficiency gains and the continuation of synergies, in line with our annual objectives and the trajectory of the GreenUp strategic plan. "In the first quarter of 2025, Veolia once again demonstrated the relevance of its business model, which combines resilience and growth, by achieving solid results despite an environment marked by macroeconomic uncertainty and persistent external challenges. Acquisition of CDPQ's 30% stake in Water Technologies and Solutions for $1.75bn (~€1.5bn) , allowing to accelerate value creation in this booster activity of GreenUp plan, corresponding to a ~11x EBITDA multiple post synergies of ~€90M per year by 2027. Net financial debt (3) well under control at €18,855M, i.e. a 2.75x leverage ratio, compared to 2.88x last year. Solid operating performance, with an organic growth of EBITDA of +5.5% (2) to €1,695M , fueled by revenue growth, operational efficiency and synergies in-line with targets. Sustained Revenue growth of +3.9% (1) to €11,507M with a good start to the year in Water, in Waste and in Energy. Solid Q1 2025, in line with our annual guidance , despite macroeconomic uncertainty, thanks to Veolia's winning formula of resilience and growth Story Continues (1) At constant scope and forex and excluding energy prices (2) At constant scope and forex (3) Before Suez PPA Sustained Revenue growth of +3.9%(1) to €11,507M: Boosters (2) , including new power flexibility assets in Hungary, were up +7.2% (1) , while Strongholds (3) grew by +3.9% (1) Strong growth in Water (+2.4% (4) ) and Waste (+3.7% (4) ). Revenue increase of +5.3% (1) in Energy, while maintaining a very high level of profitability Including the impact of lower energy prices, total Group Revenue is up by +1.5%(4) Solid Operational Performance: EBITDA of €1,695M, an organic growth of +5.5%(4), in the target range of +5% to +6%(4), and margin increase of +60bps: €91M of efficiency gains, in line with the annual target of €350M. €25M of synergies, i.e. a cumulative amount of €460M at the end of March 2025, in line with revised target of €530M by the end of 2025 Current EBIT(5) up +8.4 %(4), to €915M. Dynamic capital allocation policy leading to value creation: Opening of Tahwill hazardous waste treatment facility in Saudi Arabia Closing of the acquisition of power flexibility assets in Hungary Net financial debt(5) under control at €18,855M, i.e. a 2.75x leverage ratio, compared to 2,88x last year. 2025 guidance and GreenUp Plan 2024-27 fully confirmed. Key figures Q1 2025 In €M Q1 2024 Q1 2025 Variation Revenue 11,556 11,507 +1.5% at constant scope and forex +3.9% and excluding energy prices EBITDA 1,624 1,695 +5.5% at constant scope and forex EBITDA margin 14.1% 14.7% +60bps Current EBIT(5) 843 915 +8.4% at constant scope and forex Net Financial Debt(5) 18,997 18,855 Leverage ratio(5) 2.88x 2.75x ___________________________________ 1 At constant scope and forex and excluding energy prices 2 Boosters: water technologies, hazardous waste, bioenergies, flexibility and energy efficiency 3 Strongholds: municipal water, solid waste, district heating and cooling networks 4 At constant scope and forex 5 Before Suez PPA Detailed results at 31 March 2025 Group consolidated revenue amounted to 11,507 million euros at March 31, 2025. It increased by +1.5% on a like-for-like basis, and by +3.9% excluding the impact of energy prices, which mainly affected Europe excluding France. Revenue growth by effect breaks down as follows: The currency effect was +42 million euros (+0.4%), mainly reflecting improvement in the US, Polish and UK currencies, offset by depreciation of Argentinian and Hungarian currencies (6) . The perimeter effect of -271 million euros (-2.3%) mainly includes the impact of the disposals of SADE on February 29, 2024, of RGS (North America) on August 1st, 2024 and of Lydec on September 4th, 2024, partly offset by the acquisition of power flexibility assets in Hungary on January 6th, 2025. The commodity price effect (corresponding to changes in energy and recyclate prices) amounted to -253 million euros (-2.2%), due to lower energy prices (-270 million euros), mainly in Central and Eastern Europe, slightly attenuated by the positive effect of recyclate prices (+16 million euros). The climate effect amounted to +110 million euros (+1.0%), mainly in Central and Eastern Europe, due to a colder winter this beginning of the year compared to 2024. The Commerce / Volumes / Works effect amounted to +147 million euros (+1.3%), driven by good commercial momentum, healthy water and waste volumes, as well as construction work progress. Favorable price effects amounted to +175 million euros (+1.5%), mainly due to tariff indexations and price increases in water and waste activities. The organic growth of revenues by operating segments is as follows: In €M Q1 2024 Q1 2025 Variation at constant scope and forex France and Special Waste Europe 2,318 2,153 +0.1% Europe excluding France 5,147 5,351 +0.6%/+5.5% excluding energy prices Rest of the world 2,932 2,845 +5.0% Water Technologies 1,156 1,156 -0.1% TOTAL 11,556 11,507 +1.5%/+3.9% excluding energy prices Revenues in France and Special Waste Europe amounted to 2,153 million euros and showed organic growth of +0.1% compared to March 31, 2024. ________________________________ 6 Main currency impacts: US dollar (+37 millions euros), Polish zloty (+31 millions euros) and British pound (+19 millions euros), offset by Argentinian peso (-17 millions euros) and Hungarian forint (-16 millions euros) . Water France sales of 721 million euros were up +2.1% on a like-for-like basis, mainly fueled by business development following contract awards. Sales of Waste France amounted to 706 million euros. It decreased by -3.8% on a like-for-like basis due to lower landfill volumes and a decrease in electrical turnover, partially offset by tariff revisions. Special Waste Europe sales reached 587 million euros, up +5.1% on a like-for-like basis. This performance was mainly driven by the tariff revaluation in the hazardous waste treatment segment, as well as by the favorable dynamics of storage and incineration activities. Revenues in Europe excluding France reached 5,351 million euros at March 31, 2025, an organic variation of +0.6%, due to lower energy prices than in 2024. Excluding the effect of energy prices, revenues rose by +5.5%. In Central and Eastern Europe , sales stood at 3,298 million euros, down -2.4% on a like-for-like basis. This decrease was mainly driven by lower energy prices, partially offset by a favorable climate effect due to a colder winter than last year. Waste activity in Germany continued its favorable momentum, driven by the increase in processions operations and higher recycled paper and cardboard prices vs. March 31, 2024. In Northern Europe , revenues of 1,056 million euros rose by +1.9% on a like-for-like basis. This increase was mainly attributable to good performance in Belux and in the United Kingdom, in the Energy and Waste activities, which benefited from tariff indexation and from very good incineration plant availability. In Iberia , sales stood at 692 million euros, up +9.4% on a like-for-like basis. This growth was driven by Water activities which benefit from increases in rates and well oriented volumes. Energy activities were also growing, linked to contract gains and work. Italy generated revenues of 304 million euros, up +12.5% on a like-for-like basis, mainly due to lower energy prices, relying particularly on a strong commercial activity in Energy. Revenues in the Rest of the world reached 2,845 million euros, an organic growth of +5.0%, up in all geographies. Latin America Revenue stood at 509 million euros in, up +12.5% on a like-for-like basis. This growth was driven by the good performances of Brazil, Colombia and Argentina. In Africa Middle-East, revenues totaled 417 million euros, up +3.6% on a like-for-like basis, mainly driven by the increase in activity in Morocco and the growth of energy services in the Middle East. In North America , revenues reached 741 million euros, up +3.1% on a like-for-like basis. This evolution was mainly driven by the Hazardous Waste activity, supported by a good commercial momentum with price increases, as well as the Regulated Water activity with favorable price increases. Sales in Asia amounted to 674 million euros, up +4.1% on a like-for-like basis. This progress mainly came from the good performance in China across all activities, from municipal water in Japan (price increases on contract renewals), from the energy activity in Taiwan, and from solid waste in Hong Kong, particularly thanks to the good performance of landfills. In the Pacific region, sales of 505 million euros were up +3.4% on a like-for-like basis. This progress was mainly driven by the good performance of municipal collections, the activities of liquid and hazardous waste treatment, organic waste, as well as soil remediation activities. The Water Technologies activity reported sales of 1,156 million euros, stable versus 2024, due to a high comparison basis. The organic growth of revenues by business is as follows: In €M Q1 2024 Q1 2025 Variation at constant scope and forex Water 4,343 4,155 +2.4% Municipal Water 3,186 2,999 +3.3% Water Technologies 1,156 1,156 -0.1% Waste 3,746 3,811 +3.7% Solid Waste 2,662 2,739 +3.0% Hazardous Waste 1,083 1,071 +5.6% Energy 3,468 3,541 -1.9%/+5.3% excluding energy prices District Heating and Cooling Networks 2,409 2,309 -5.3%/+4.9% excluding energy prices Bioenergies, Flexibility and Energy Efficiency 1,060 1,232 +5.8%/+6.1% excluding energy prices TOTAL 11,556 11,507 +1.5%/+3.9% excluding energy prices Sales in the Water activity rose by +2.4% on a like-for-like basis, driven by price increases of +1.8%, volume growth and good commercial momentum of +0.6%. Sales of stronghold Municipal Water grew by +3.3% on a like-for-like basis, with tariff increases in most geographies (particularly in Spain, Central and Eastern Europe and North America) and a favourable commercial effect. Sales in the Water Technology and New Solutions booster business were globally stable, due to a high comparison basis. Sales for Waste activity revenues increased by +3.7 % on a like-for-like basis,thanks to favorable price revisions (+2.7%), slightly higher recyclate prices (+0.4%) and a positive Commerce/Volume/Works effect (+1.2%). Sales in the stronghold Solid Waste Management core business were up +3.0% on a like-for-like basis. This growth was mainly driven by a positive commercial momentum in Germany and in Asia, notably in Hong Kong. The activity also benefited from favourable price revisions, particularly in the UK and Australia. Sales by the Hazardous Waste treatment booster rose by +5.6% on a like-for-like basis, driven mainly by France and Special Waste Europe and North America. Energy sales were down -1.9% on a like-for-like basis, but up +5.3% excluding the impact of energy prices. The unfavourable energy price effect of -7.2% was partially offset by a favorable climate impact of +3.2% and by the commerce/volume effect of +2.2%. Sales in the stronghold District Heating and Cooling Networks , mainly located in Central and Eastern Europe, rose by +4.9% on a like-for-like basis after eliminating the impact of energy prices. This growth was driven by good volumes combined with a favorable climate effect. Revenue of the Bioenergies, Flexibility and Energy Efficiency booster business grew by +6.1% on a like-for-like basis, excluding the impact of energy prices, thanks to strong sales momentum in Spain, Belgium and the Middle East. EBITDA growth to €1,695M compared with €1,624M at March 31, 2024, i.e. +5.5% organic growth EBITDA benefited from organic revenue growth of +3.9% excluding energy prices, from operational efficiency (92 million euros of gains generated), and from Suez synergies (25 million euros). The currency impact on EBITDA amounted to +11 million euros (+0.7%). This mainly reflects the appreciation of the Polish and US currencies (7) . The perimeter impact of -30 million euros (-1.8 %) mainly includes the impact of the disposals of SADE on February 29, 2024, of RGS (North America) on August 1st, 2024 and of Lydec on September 4th, 2024, partly offset by the acquisition of power flexibility assets in Hungary on January 6th, 2025. Changes in commodity prices (energy and recycled materials) had a net unfavorable impact on EBITDA of -13 million euros (-0.8%), mainly due to lower energy prices (-20 million euros), partially offset by an increase in recycled materials prices. The climate impact was +16 million euros (+1.0%), mainly in Central and Eastern Europe, due to a colder winter in the first quarter 2025. The Commerce/Volumes/Works effect was favorable at +22 million euros (+1.4%). Efficiency net of gains shared with customers, contract renegotiations and time lag effects on the passing on of costs generated 38 million euros (+2.3%) in additional EBITDA. This represents a retention rate of 42% out of 91 million euros generated by the Group as part of its efficiency plan in the first quarter 2025, in line with the annual target of 350 million euros. Synergies generated by the integration of Suez amounted to 25 million euros in the first quarter 2025, thanks in particular to optimization in purchasing and in the Water technologies activities. These new synergies, together with those already realized in 2022 to 2024, amounted to 460 million euros. This performance is perfectly in line with the objective of cumulated synergies raised to 530 million euros by the end of 2025. Current EBIT(8) growth of +8.4% at €915M, at constant scope and forex The increase in current EBIT(8) compared with March 31, 2024 at constant scope and forex amounted to +70 million euros (+8.4%), and was mainly due to: a strong growth in EBITDA (+89 million euros at constant scope and forex); a rise in amortization (8) , including the repayment of operating financial assets (-5 millions euros on a like-for-like basis); the decrease of "provisions net of capital gains on disposals, and others" (-8 million euros at constant scope and forex). The currency effect on current EBIT(8) was positive by +9 million euros and mainly reflected the change in Polish zloty for +5 million euros. ___________________________________ 7 Main currency impacts : Polish zloty (+6 million euros) and US dollar (+4 million euros) 8 Before Suez PPA Guidance 2025 fully confirmed Solid organic growth of revenue (1) (2) Organic growth (1) of EBITDA between +5% and +6% Efficiency gains above €350M complemented by synergies for a cumulated amount raised to €530M end 2025 Growth of current net income Group share (3) of around +9% (4) Leverage ratio expected below 3x (3) Dividend growth in line with Current EPS Group share(3) growth (1) At constant scope and forex / (2) Excluding energy prices / (3) Before Suez PPA / (4) At constant forex GreenUp 2024-2027 targets fully confirmed Solid revenue growth (1) Over €8bn of EBITDA in 2027 €350M savings per year ~ 10% (2) annual growth in current net income Group share (3) over 2023-2027 Leverage ratio ≤ 3x (3) Dividend growth in line with current EPS Group share(3) (1) Excluding energy prices / (2) At constant forex / (3) Before Suez PPA Agenda 25 June 2025: Deep-dive on Waste activities in France 31 July 2025: H1 2025 Results September/October 2025: Presentation on Innovation, Technologies and AI 6 November 2025: 9M 2025 Key figures 25 November 2025: Inauguration of Poznan cogeneration facility in Poland This press release presents the key figures for the first quarter of 2025. The operating and financial review, as approved by the Board of Directors, in its meeting held on 6 May 2025, is available on Veolia's website at ABOUT VEOLIA Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024. IMPORTANT DISCLAIMER Veolia Environnement is a corporation listed on the Euronext Paris. This press release contains "forward-looking statements'' within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divestiture transactions, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorité des Marchés Financiers (French securities regulator). Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain from Veolia Environnement a free copy of documents it filed ( with the Autorités des marchés financiers. This document contains "non‐GAAP financial measures". These "non‐GAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards. View source version on Contacts MEDIA RELATIONS Laurent Obadia - Evgeniya Mazalova Charline Bouchereau - Anna Beaubatie Aurélien Sarrosquy Tel.+ 33 (0) 1 85 57 86 25 INVESTORS RELATIONS Selma Bekhechi - Ariane de Lamaze Tel. + 33 (0) 1 85 57 84 76 / 84 80 investor-relations@
Business Wire
07-05-2025
- Business
- Business Wire
Veolia Acquires CDPQ's 30% Stake in Water Technologies and Solutions, Achieving Full Ownership to Accelerate Value Creation
PARIS--(BUSINESS WIRE)--Regulatory News: Veolia (Paris:VIE) has signed an agreement with CDPQ for the acquisition of its 30% stake in Veolia's subsidiary Water Technologies and Solutions ('WTS'), allowing Veolia to achieve full ownership of WTS, enabling to unlock more value potential, simplify further its structure and extract additional run-rate cost synergies of ~ €90m. This acquisition is a logical step in the deployment of Veolia's GreenUp strategic roadmap, with an efficient capital allocation to strengthen the Group's anchoring in Water technologies activities and in the United States, both identified as priority growth 'boosters'. The acquisition of CDPQ's minority interests will further strengthen Veolia's unique positioning as a global leader in Water Technologies. The Group is perfectly positioned to take advantage of the growing demand for innovative water treatment technologies and solutions, fueled by macro-trends such as water scarcity, adaptation to climate change, health concerns and the development of strategic industries such as semiconductors, pharmaceuticals and data centers. The acquisition of the remaining 30% of Veolia's subsidiary WTS will allow full operational control, enabling it to enhance operational performance and seize all opportunities for development and innovation, through a complete integration process. Following the acquisition, the Group will be able to unlock additional ~€90m of run-rate cost synergies by 2027. Those synergies are already well-identified and benefit from a very low execution risk, given the deep and intimate knowledge of the asset and Veolia's proven track-record in synergies extraction. The acquisition is expected to be accretive from 2026 and will contribute to improve Group ROCE. The purchase price for the acquisition will be $1.75bn (~€1.5bn), corresponding to ~11x EV/post-synergies 2025e EBITDA. Post-transaction, Veolia will still maintain headroom compared to its Net Debt / EBITDA target of 3x, allowing the Group to retain strategic flexibility to continue to deploy its GreenUp strategic plan. Veolia confirms all 2025 guidance and GreenUp targets previously communicated both at Group level and at Water Technologies level, and now aims to achieve an EBITDA CAGR of at least +10% (1) over the 2023-2027 period for its Water Technologies division. "This acquisition marks a pivotal step in unlocking the full value potential of Water Technologies, a growth booster identified as a priority in our GreenUp strategic plan, and a segment where we are already a market leader. Full ownership will enable us to accelerate growth, enhance operational efficiency and synergies as well as deepen the alignment with strategic priorities. This move is especially crucial given the urgent and rapidly evolving needs of the market, allowing us to respond faster and more effectively to emerging opportunities and challenges," said Estelle Brachlianoff, Veolia's Chief Executive Officer. "We are proud of WTS' achievements since our investment in 2017, as it has grown into a global market leader in water technologies. Through our partnership, we helped strengthen the company's foundations and position it for sustained growth and long-term value creation. We are grateful for the close collaboration with the management teams at WTS and Veolia, and we wish them every success in this next chapter," said Albrecht von Alvensleben, Managing Director, Head of Private Equity Europe at CDPQ. The closing of the transaction is expected by the end of June 2025. Veolia Water Technologies segment - In FY2024, Veolia Water Technologies segment achieved revenues of €4.97bn (41% North America, 25% Europe, 13% Asia Pacific, 13% Africa Middle-East and 8% Latin America) and EBITDA of €612M. The business serves over 8,000 clients in 44 countries, with 38 technological sites and 11 dedicated R&I laboratories. - Veolia Water Technologies activities include both Veolia WT, 100% owned and Water Technologies and Solutions 'WTS' subsidiary, 70% Veolia-30% CDPQ Water Technologies and Solutions 'WTS' subsidiary - WTS was formed as a 70%-30% joint venture between Suez and CDPQ in 2017, before becoming a subsidiary of Veolia following the Veolia–Suez merger in 2022, with CDPQ keeping its 30% minority stake. In FY2024, WTS achieved revenues of €3.3bn ($3.6bn) and EBITDA of €472M ($511M). Expand ABOUT VEOLIA Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024. IMPORTANT DISCLAIMER Veolia Environnement is a corporation listed on the Euronext Paris. This press release contains 'forward-looking statements'' within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divestiture transactions, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorité des Marchés Financiers (French securities regulator). Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain from Veolia Environnement a free copy of documents it filed ( with the Autorités des marchés financiers. This document contains "non‐GAAP financial measures". These "non‐GAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards.
