Veolia Sets Bold Growth Goals in the United States, Boosting Its Ecological Solutions to Improve Economic Growth and Public Health for Americans
19 April 2024 - 5:41AM
Business Wire
Veolia targets major expansion in the U.S.
environmental market with strong ambitions in line with GreenUP
plan
- Veolia has already achieved 2.6 times growth between 2019 and
2023 in the U.S., to reach 5.4 billion in sales by 2023.
- Veolia aims to increase its revenue by 50% by 2027 & double
in size by 2030
- Value creation ~+ 200bps in ROCE by 2027
- Decarbonization: 600K tons CO2e of erased emissions (Scope
4)
- Regeneration: 120M m3 of water saved
- Depollution: 2M tons of hazardous waste treated
Regulatory News:
On the occasion of its Deep Dive US conference in New York,
Veolia (Paris:VIE) today unveiled bold growth ambitions in the
booming U.S environmental services market, building on its unique
experience and capabilities to expand its business in a country
which represents around 25% of the world’s market. The strong
growth in demand is due to industrial relocation, water shortages
and pollution problems, as well as public health issues. It is
supported by ambitious regulation and investment policies.
The Group is the top-ranked environmental company in the
United States for three consecutive years1, and the country’s
largest private water operator and technology provider as well as
hazardous waste and pollution treatment leader. It is uniquely
positioned in the American market with a leadership role in
improving water quality and mitigating hazardous waste.
Between 2019 and 2023, Veolia benefited from dramatic growth
(x2.6 revenues) with an increased demand for its services due to
the acceleration of climate change and regulatory changes. With
$5.4 billion in sales in 2023, representing 11% of the Group's
total revenues ($49 billion) and 12,000 employees, Veolia plans to
further expand its footprint in the U.S.
Veolia is committed to continue supporting the U.S.
sustainable growth and contribute to public health protection. The
Group is engaging on high-impact objectives: by 2027 Veolia aims
to grow its revenue by 50% and double in size by 2030.
"Today, the United States is one of the fastest-growing markets
for environmental services. Industrial reshoring, water scarcity,
public health - all these priorities are driving growth in demand.
As a long-standing player and world leader in ecological
transformation, Veolia is committed to contribute its know-how and
expertise to serve the needs of American customers in solving these
problems," said Estelle Brachlianoff, CEO of Veolia.
"Through its positioning and mix of activities, Veolia is able to
bring environmental solutions to improve economic growth and public
health in America and we are setting ambitious goals to expand and
strengthen our positive impact”.
***
Decarbonization
- Erase 600kt of CO2 from the atmosphere by 2027 through
our comprehensive efforts to help clients run more sustainable and
efficient operations by producing local renewable energy, and
delivering energy efficiency solutions and resource regeneration
solutions helping to offset and avoid emissions.
Regeneration
- Save 120M m3 of water by 2027 (equivalent to San
Francisco's annual water consumption) thanks to its worldwide
expertise in water services and its know-how in the reuse of
treated wastewater.
- In a context of reshoring and industry growth, population
growth in water scarce areas, water quality awareness (PFAS, new
pollutants, etc.) key environmental services needed: water
recycling, water distribution network leakage reduction, water
supply to cities and industries, water quality etc. Access to water
is therefore essential to sustain growth, with the market estimated
at $34 billion a year by 2027.
- As the first US leader in water operations & maintenance
and the third leader in regulated water with 200 water &
wastewater facilities operated, Veolia serves more than 1 in 13
people in America (27M people) and it is the only private company
able to provide all contract services.
Water quality and public health
- Remain at the forefront of the fight against PFAS in
drinking water and across the value chain dedicating its
technical expertise and research and development resources to help
tackle this emerging pollution.
- PFAS mitigation is one of the top public health priorities in
the United States, with increasing regulations and an estimated
$200 billion decontamination market. Our customers - local
authorities and industry - need help to ensure the safety of
drinking water, the removal of pollutants from wastewater, and the
remediation of sites such as airports, airbases and chemical PFAS
production sites. These challenges call for treatment know-how
tailored to local needs, including membrane filtration and
hazardous waste treatment.
- Veolia already has extensive experience in the fight against
PFAS throughout the world, and in the United States in particular,
with 30 PFAS treatment projects in drinking water already underway
and 50 more in the pipeline.
Depollution
- With the ambition of 2M tons of hazardous waste treated by
2027, Veolia aims to strengthen its position as leader in
hazardous waste treatment in the United States. Veolia plays an
essential role for many American industries: ability to help
customers to be compliant with evolving regulations. It is a key
market differentiator in a fast-growing market thanks to $2 billion
in public funding for infrastructure, manufacturing reshoring and
competitiveness in the U.S. Accessible hazardous waste market
expected to grow to $11B in 2027 (5% CAGR) with 8M tons of
hazardous waste per year.
ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for
ecological transformation. With nearly 218,000 employees on five
continents, the Group designs and deploys useful, practical
solutions for managing water, waste and energy that help to
radically change the world. Through its three complementary
activities, Veolia contributes to developing access to resources,
preserving available resources and renewing them. In 2023, the
Veolia group served 113 million people with drinking water and 103
million with wastewater services, produced 42 terawatt-hours of
energy and recovered 63 million metric tons of waste. Veolia
Environnement (Paris Euronext: VIE) generated consolidated sales of
€45.3 billion in 2023. www.veolia.com
_________________________ 1
https://www.enr.com/toplists/2023-Top-200-Environmental-Firms-Preview
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GROUP MEDIAS RELATIONS Laurent Obadia - Evgeniya
Mazalova Anna Beaubatie - Aurélien Sarrosquy Tél.+ 33
(0) 1 85 57 86 25 presse.groupe@veolia.com
INVESTORS RELATIONS Ronald Wasylec - Ariane de
Lamaze + 33 (0)1 85 57 84 76 / 84 80
investor-relations@veolia.com
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