Following an "excellent" first half the year, French environmental services group Veolia has continued to achieve "very strong growth in all of its activities, water, waste and energy", according to group CEO Estelle Brachlianoff. "Our tariff indexation business models with municipal clients as well as our strict pricing discipline with industrial clients have enabled us to absorb cost inflation and deliver strong earnings growth", Ms Brachlianoff commented at the announcement of the group's third-quarter financials on Wednesday in Paris.
According to the CEO, the "very good performance" is also the result of the integration of the activities taken over from Suez, which was currently progressing ahead of schedule. The full-year target of €100m in synergy effects, had already been achieved by the end of the third quarter, Ms Brachlianoff said.
As a result of the Suez take-over, Veolia's businesses are now among the "top three" in the national markets the concern considers "key countries" including the USA, the group reports in its analyst presentation. In the non-hazardous waste management sector, the company says it is the market leader in its home market of France, in the UK and in Australia, and the number 2 on the German market. In the hazardous waste management market, Veolia says it is the market leader in Europe and the number 3 player in the USA....
