Veolia beat market expectations by 8% with generated revenues up by +19.9% to €12bn vs Q1 22. Earnings were boosted by a strong energy price dynamic mostly in Central & Eastern Europe which reflected the group’s pricing power and, in our opinion, its ability to pass on the high cost of carbon emissions to its clients. This first quarter of 2023 appeared to confirm that the acquisition of Suez is bearing fruit.
09 May 2023
Q1 2023 : higher energy prices drove Veolia’s Q1 revenues
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q1 2023 : higher energy prices drove Veolia’s Q1 revenues
- Published:
09 May 2023 -
Author:
Olivier de Wismes -
Pages:
3
Veolia beat market expectations by 8% with generated revenues up by +19.9% to €12bn vs Q1 22. Earnings were boosted by a strong energy price dynamic mostly in Central & Eastern Europe which reflected the group’s pricing power and, in our opinion, its ability to pass on the high cost of carbon emissions to its clients. This first quarter of 2023 appeared to confirm that the acquisition of Suez is bearing fruit.