Veolia benefits from higher recyclate prices

Veolia's cardboard recycling service

Waste management company Veolia saw its profits increase in the first nine months of its latest financial year, with higher recyclate prices benefitting the business.

It revealed revenue of €20.357 billion (£17.359 billion) in the nine months to 30 September 2021 up from €18.705 billion (£15.951) in the same period in 2020.


Waste revenue increased by 14.3% with higher recyclate prices having a 5.1% effect.

Increased recycled material prices added an 8.2% uplift to waste revenue in France, while it also noted that “very high recycled material prices” in UK and Ireland and Germany.

Pre-tax profits increased to €3.140 billion (€2.677 billion) in this period, which was an increase of 26.4% for the first three quarters of 2020.

Veolia chairman and chief executive Antoine Frérot said: “Our financial performance in the first 9 months of 2021 is not only much better than in 2020, which was penalized by the sanitary crisis in the first 2 quarters of the year, but also very much ahead of 2019, which was a record year of profits for Veolia. 2021 guidance is therefore fully confirmed.

“Our teams have also remained fully committed to finalising the acquisition of Suez around year-end. We are now all looking forward to welcoming Suez’s teams in order to create the world leader in ecological transformation.”

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