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Double-digit Growth In Activity And Operating Performance. 2011 And Medium Term Targets Confirmed

PARIS, August 3, 2011 /PRNewswire/ --

2011 Half-year Results :

Results in line with 2011 targets:
  • Revenue: €7,376M, +11.8% and +11.3% at constant forex, increasing in the three divisions
  • EBITDA: €1,233M, +18.3% and +17.6% at constant forex
  • Current Operating Income (EBIT): €562M, +28.6% and +27.4% at constant forex
  • Net Result group share: €221M, i.e. €0.43 per share
  • Net financial debt stable at €7,580M, net debt to EBITDA [1] ratio at 3.0x

The Board of Directors, in a meeting held on August 2 nd 2011,  approved the 2011 first-half results.

Commenting on the results, CEO Jean-Louis Chaussade issued the following statement:

"In the first half of 2011, SUEZ ENVIRONNEMENT posted strong results growth and solid performance with a double-digit growth in revenues and operating performance. Commercial activity remained sustained. Growth in Europe is driven by the profitable growth of the water activities and by a rise in the volumes of waste treated. Addressing the heavy needs for environmental services, International growth is still strongly increasing. The Group's growth benefits from the positive effects associated with the integration of AGBAR and the acquisition, finalised early this year, of WSN in waste in Australia.

Listed on the stock exchange for three years now, SUEZ ENVIRONNEMENT posted a profitable and sustainable growth and thus demonstrates the pertinence and strong potential of its business model. The Group's long-term strategy remains unchanged.

The Group places innovation and industrial partnerships at the heart of its industrial model to make its clients environmental leaders and help set up the circular economy which, I am convinced, will be in the center of tomorrow's economy. It is thanks to the technical, contractual and governance innovations which we are developing today, that we can seize opportunities and stay a step ahead in the booming water and waste markets, and satisfy customers and clients' new expectations.  

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