VEOLIA ENVIRONNEMENT ADR - VEOEY STOCK NEWS

Veolia Environnement reported strong financial performance in Q1 2022, with revenue of €9,935 million, a 44.3% increase from Q1 2021, driven by the integration of Suez activities and organic growth. EBITDA reached €1,456 million, up 33.4%, while current EBIT grew by 45.7% to €692 million. The company confirmed its 2022 guidance, anticipating further growth and efficiency gains despite global economic challenges. CEO Antoine Frérot emphasized the resilience of Veolia in navigating the impacts of geopolitical tensions and market fluctuations.

Veolia Environnement announced an increase in its share capital to €3,502,858,580 as of May 2, 2022. This adjustment follows the vesting of performance shares granted under the 2019 performance share plan. The total number of shares now stands at 700,571,716, with theoretical voting rights at 739,869,100 and exercisable voting rights at 727,348,634. The company's Articles of Association includes a clause mandating the reporting of shareholding threshold crossings, complementing existing French regulations.

Veolia continues to execute antitrust remedies related to its merger with Suez, signing a unilateral put agreement with Saur to sell its mobile water services business in Europe for approximately €190 million. This transaction is pending consultations with employee representatives and regulatory approvals. Claude Laruelle, CFO, emphasized the transaction's alignment with their commitments to the European Commission and the ongoing attractiveness of the assets being divested. Post-transaction, Veolia aims to strengthen its position in the mobile water market, integrating ex-Suez assets.

Veolia Environnement has announced its shareholder structure as of April 30, 2022. The company reports a total share capital of €3,502,858,580 with 699,725,266 shares outstanding. The total number of theoretical voting rights is 739,022,650, while the number of voting rights that may be exercised stands at 726,551,511. Additionally, Veolia has included a new reporting obligation clause regarding shareholding thresholds in its Articles of Association to comply with French regulations.

Veolia has entered an agreement with Suez for the acquisition of all hazardous waste assets in France, addressing European Commission competition concerns. The assets have an enterprise value of 690 million euros. This transaction includes a unilateral put option, allowing both parties to move forward pending regulatory approvals and employee consultations.

Veolia aims to be a leader in ecological transformation, with a workforce of nearly 179,000 employees, focusing on innovative water, waste, and energy management solutions.

Faurecia and Veolia have signed a Cooperation and Research Agreement to develop automotive interior modules with 30% recycled materials by 2025. This initiative aims to address the automotive industry's challenge of incorporating recycled plastics, crucial for reducing CO2 emissions. Veolia will produce these secondary raw materials at its French recycling sites starting in 2023. The partnership will enhance sustainable interior solutions in Europe, leveraging both companies' expertise in materials and recycling.

Veolia Environnement has made the English version of its 2021 Universal Registration Document (URD) accessible on its website. This document includes key components such as the 2021 annual financial report, corporate governance report, statutory auditors' reports, and share buyback program details. Both digital and hard copies of the URD are available, with hard copies provided free of charge upon request. The URD serves as an essential resource for investors and analysts, consolidating vital information regarding the company's financial performance and governance.

Veolia Environnement has filed the French version of its 2021 Universal Registration Document (URD) with the Autorité des marchés financiers on April 21, 2022, under the number D.22-0328. This document, available online and in hard copy at the company’s headquarters, includes the 2021 annual financial report, corporate governance information, statutory auditor reports, and details on the share buyback program. For more information, visit Veolia's website.

Veolia has announced the launch of the world's largest biorefinery project in Finland, aimed at producing CO2-neutral biomethanol from pulp mill processes. This innovative project, developed in collaboration with Metsä Fibre, aims for an annual capacity of 12,000 tons and an estimated potential output of 2 million tons globally. The effort aligns with European Green Deal goals, potentially avoiding 30,000 tons of CO2 emissions annually and promoting energy security in Europe. The investment totals 50 million euros, supported by a Finnish government grant.