Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Financial Data and Key Metrics Changes - Revenue increased by 10.7% to €33.2 billion, with a 4.6% increase excluding energy prices [3][7][32] - EBITDA grew by 7.7%, and current EBIT increased by 14.2% [4][27] - Free cash flow reached €435 million in Q3, significantly up from 2022 [4][51] - Net financial debt decreased to €18.9 billion, with expectations to reach around €18.5 billion by year-end [4][51] Business Line Data and Key Metrics Changes - Water revenue increased by 7.2%, driven by tariffs and commercial momentum, despite lower volumes due to adverse weather [8][34] - Waste activities grew by 3.1%, with a 6.1% increase excluding recycled prices [8][39] - Energy activities saw a significant increase of 30.4%, primarily due to energy price pass-through [9][41] Market Data and Key Metrics Changes - 40% of revenue is generated outside Europe, with $5 billion in the U.S. market [5][11] - Strong growth in Central and Eastern Europe, with revenue up 16.3% in the first nine months [32] - The U.K. market showed resilience with a 5.6% revenue growth [33] Company Strategy and Development Direction - The company aims to exceed its yearly synergy targets, having already achieved €131 million in synergies in the first nine months [21][25] - Focus on decarbonization and resource generation as key growth engines, with significant contracts awarded in these areas [5][13] - Resumed asset rotation policy to enhance value creation after two years of focusing on acquisitions and divestitures [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the upper range of EBITDA guidance for 2023, with no anticipated negative trends [6][56] - The company highlighted strong commercial momentum and resilience in its business model, which is 85% immune to macro trends [5][11] - Management noted that inflation has been neutral or slightly positive for margins, with no expected squeeze in the future [78] Other Important Information - The Veolia Cares initiative was launched, providing a common base level of social protection for all employees worldwide [24] - The company is committed to maintaining a solid investment-grade rating while managing its capital allocation strictly [19][52] Q&A Session Summary Question: Regarding strong results and guidance - Management confirmed confidence in reaching the upper range of EBITDA guidance, with no expected negative trends in Q4 [56][57] Question: On cost-cutting translation and working capital - Management indicated that 30% to 50% of cost-cutting translates into underlying EBITDA gains, with current translation at 35% [59][61] Question: On thematic events and core activities - Management selected energy, U.S. activities, and water technology for thematic events due to their core importance and potential underappreciation in the market [65][67] Question: On waste volumes and pricing dynamics - Management noted flat waste volumes but highlighted strong pricing power and no signs of a price war [73][75] Question: On synergies and inflation impact - Management provided examples of synergies from operational efficiencies and confirmed that inflation remains neutral or slightly positive for margins [77][78]

😊 VEOLIA Q3 2023 RESULTS Estelle Brachlianoff, CEO Claude Laruelle, CFO November 9, 2023 AGENDA 1 9M 2023 highlights 2 Detailed 9M 2023 financial performance 3 Appendices 9M 2023 2 STRONG 9M RESULTS AND SOLID FCF GENERATION Driven by strong operational and financial discipline 3 Continued strong organic growth and results Revenue €33 161M up +10.7%(1) and +4.6%(1) excl. energy prices, similar to H1 EBITDA €4 793M, up +7.7%(1) Current EBIT(2) €2 518M, up +14.2%(1) Strong FCF generation in Q3 leading to decre ...

Veolia Environnement SA (OTCPK:VEOEY) Q2 2023 Results Conference Call August 3, 2023 2:30 AM ET Company Participants Estelle Brachlianoff - CEO & Director Claude Laruelle - Deputy CEO, Finance, Digital & Purchasing Conference Call Participants Ajay Patel - Goldman Sachs Arthur Sitbon - Morgan Stanley Olly Jeffery - Deutsche Bank Michael Harleaux - Societe Generale Arnaud Palliez - CIC Market Jenny Ping - Citi Philippe Ourpatian - ODDO BHF Juan Rodriguez - Kepler Estelle Brachlianoff Thank you very much, and ...

Q1, 2023 RESULTS Estelle Brachlianoff CEO Claude Laruelle CFO 1 AGENDA 1 A very strong start to the year -- 2 Detailed Q1, 2023 financial and operational performance .. 3 Appendices Q1 2023 2 KEY Q1 2023 HIGHLIGHTS A very strong start to the year 3 Very strong Q1 results Organic EBITDA growth of +8% Successful merger with Suez Already €189m cumulated synergies since day 1 In line with our objective of more than €280M at end of 2023 and a total of €500M Confirmation of the strength of our business model, cop ...

Veolia Environnement SA (OTCPK:VEOEY) Q1 2023 Earnings Conference Call May 4, 2023 2:30 AM ET Company Participants Estelle Brachlianoff - CEO & Director Claude Laruelle - Deputy CEO, Finance, Digital & Purchasing Conference Call Participants Ajay Patel - Goldman Sachs Group Arthur Sitbon - Morgan Stanley Michael Harleaux - Societe Generale Andrew Fisher - Berenberg Arnaud Palliez - CIC Market Solutions Olly Jeffery - Deutsche Bank Operator Ladies and gentlemen, welcome to the Veolia conference call on the F ...

FY 2022 RESULTS Estelle Brachlianoff CEO Claude Laruelle CFO 1 DISCLAIMER Veolia Environnement is a corporation listed on the Euronext Paris. This document 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 ou ...

Veolia Environnement S.A. (OTCPK:VEOEY) Q4 2022 Earnings Conference Call March 2, 2023 2:00 AM ET Company Participants Estelle Brachlianoff - CEO Claude Laruelle - CFO Conference Call Participants Michael Gallo - Societe Generale Arnaud Palliez - CIC Market Solutions Arthur Sitbon - Morgan Stanley Operator Ladies and gentlemen, welcome to the Veolia Conference Call on Full Year 2022 Result with Estelle Brachlianoff, CEO; Claude Laruelle, CFO. I now hand over to Estelle Brachlianoff. Madam, please go ahead. ...

Veolia Environnement S.A. (OTCPK:VEOEY) Q3 2022 Earnings Conference Call November 9, 2022 2:30 AM ET Company Participants Estelle Brachlianoff - Chief Executive Officer Claude Laruelle - Chief Financial Officer Conference Call Participants Ajay Patel - Goldman Sachs Arthur Sitbon - Morgan Stanley Jenny Ping - Citi Olly Jeffery - Deutsche Bank Vincent Ayral - JPMorgan Tancrede Fulop - Morningstar Olly Jeffery - Deutsche Bank Juan Rodriguez - Kepler Philippe Ourpatian - ODDO BHF Verity Mitchell - HSBC Arnaud ...

Veolia Environnement S.A. (OTCPK:VEOEY) Q1 2022 Earnings Conference Call May 12, 2022 2:00 AM ET Company Participants Antoine Frérot – Chairman & Chief Executive Officer Estelle Brachlianoff – Chief Operating Officer Claude Laruelle – Chief Financial Officer Conference Call Participants Ajay Patel – Goldman Sachs Juan Camilo Rodriguez – Kepler Cheuvreux Arthur Sitbon – Morgan Stanley Philippe Ourpatian – ODDO BHF Olly Jeffery – Deutsche Bank Verity Mitchell – HSBC Operator Ladies and gentlemen, welcome to V ...