Veolia Environnement S.A. (VIEp)

Veolia Environnement’s EPS topped consensus in the first half of fiscal 2026, reported on July 30, while revenue came in line: EPS of EUR 0.92 against a EUR 0.55 estimate, +67.3%, and revenue of EUR 22.193 billion versus EUR 22.018 billion, +0.8%. Revenue rose about 1% from EUR 22.048 billion a year earlier, and net income climbed roughly 4% to about EUR 682 million from EUR 657 million, with gross profit coming to about EUR 3.9 billion and operating income to about EUR 1.8 billion. Gross margin held near 18% and operating margin around 8%, while operating cash flow reached about EUR 1.1 billion and Veolia paid EUR 1.099 billion in dividends across the half-year. Next-period consensus calls for EPS of EUR 0.55 on revenue of EUR 14.642 billion.