Veolia reported sustained revenue growth of +1.5%, despite the impact of unpredictable energy prices, to €22,193M, the company said.
It highlighted that it achieved good international growth in the Americas, Asia Pacific and Africa and the Middle East, with a strong second quarter in particular.
“These results demonstrate the resilience of our business model, the quality of our operational execution and Veolia’s ability to meet rapidly growing essential needs,” commented Estelle Brachlianoff, CEO of Veolia, who also explained the company improved its operational performance in the first half of the year, growing current net income by more than 10%.
“These results, which are largely in line with our annual targets, despite a complex environment, demonstrate the strength of our model and our strict operational management,” she added.
Veolia has positioned itself in the clean technology market for some time and has expanded on its traditional waste and water offerings to be more of a strategic digital infrastructure partner for the likes of data centre giants. It has done this during a time of mass change in the wider technology ecosystem, amid rising demand for AI services, power and water constraints, continued heatwaves and geopolitical challenges.
The company said it bases its strong financial performance on its unique position amongst these global concerns.
“The excellent results recorded in the first half illustrate Veolia’s ability to capitalise on its strategic positioning at the heart of ecological security issues – particularly water security – and resource sovereignty, in an environment marked by strong economic and geopolitical tensions,” explained Brachlianoff. “Exceptional heat waves, the increasing frequency of droughts and the growing needs of AI industries confirm the relevance of the Group’s solutions and strengthen the structural drivers of its growth.”
Brachlianoff also credits the transformation of its asset portfolio and the completion of the strategic acquisition of Clean Earth in June as enabling Veolia to build a national platform in the US and expand its $6 billion revenue business there.
“We therefore approach the second half of the year with confidence and are raising our guidance for the full fiscal year,” she said.
Veolia has also sought to position itself in the data centre and chip manufacturing markets, having announced an ambitious plan in April this year to target more than €1 billion in each area by 2030. Brachlianoff said at the time that Veolia would leverage its proprietary technologies and global expertise to address rising demand for integrated solutions in water management, local energy, and hazardous waste treatment.
Data Center Resource 360 was launched in relation to this plan, a global offer for data centres designed to address the critical environmental and operational challenges facing a fast-growing digital infrastructure sector, while supporting the resilience of local communities. Through this, Veolia is eager to emphasise data centre integration and acceptability into local ecosystems.
To sustain its recurring efficiency plan, Veolia intends to fully leverage the potential of digital and AI-driven solutions, it added. It’s targeting the share of digital and AI efficiency gains to 50% of operational efficiency by 2030, compared with 23% in 2025.
It’s also working with the likes of Amazon to develop reclaimed water for data centre cooling systems, combining Veolia’s advanced water reuse technologies with Amazon AI and cloud capabilities to advance sustainability strategies.
The news also comes as Veolia has been selected by a major project developer to operate and maintain a 350-megawatt microgrid to power an AI data center campus as part of the Data Center Resource 360 offer. The energy project will provide 100% of the power for an AI data center campus in Ohio without relying on the traditional electric grid.
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