Veolia : Good H1 2024 driven by activity and GreenUp, despite the negative reaction
>Outperform rating and target price of € 43.4 maintained - Following the H1 2024 results, which came in slightly ahead of our estimates and the consensus, as well as the two virtual road shows that we organised with the group’s management, we confirm our Outperform rating and our target price of € 43.4 € based on the average of a DCF (€ 43.9 €), a sum-of-the-parts (€ 45.4) and a valuation based on historical multiples (€ 41.1 €). The downward revision of -0.5% to our...Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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