This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SUEZ ENVIRONNEMENT: 2011 Annual Results

Stocks in this article: SEV

PARIS, February 8, 2012 /PRNewswire/ --

2011 Annual Results

Good operating results in 2011

Satisfactory progress of Melbourne project since October

Priority on profitability and on maintaining a solid balance sheet for 2012-2013  

Good performance despite the difficulties encountered on the Melbourne contract

  • Revenue of €14,830m, up +6.9% at constant forex, growing across all divisions
  • EBITDA : €2,513m, up +7.6% at constant forex, with €130m in costs savings under the COMPASS plan in 2011
  • 89% physical completion for the construction of Melbourne desalination plant
  • Net income Group share: €323m and €560m excluding impact of Melbourne contract
  • Net financial debt (NFD): stable at €7,557m, NFD/ EBITDA ratio back to 3.0x
  • Free Cash Flow: progressing to €860m
  • Dividend €0.65 per share for 2011 [1]

Priority on profitability and on maintaining a solid balance sheet for 2012-2013

  • Revenue and EBITDA 2012 ≥ 2011, with EBITDA target ≥ €2.7bn for 2013 [2]
  • Reinforced selectivity of net investments and maintained NFD/EBITDA ratio at around 3x
  • Dividend ≥ €0.65 per share on 2012 results [ 1 ]

The Board of Directors, which met on 7 February 2012, approved the 2011 accounts of SUEZ ENVIRONNEMENT, which will be submitted for the approval of the General Meeting on 24 May 2012. The consolidated financial statements have been audited and certified by the auditors.

Commenting on these results, Jean-Louis Chaussade, CEO of SUEZ ENVIRONNEMENT, stated:

"SUEZ ENVIRONNEMENT achieved a good operating performance in 2011, confirming the efficiency of its business model.  Our two activities had very solid performances, above initial guidance , with dynamic sales activity in Water in Europe, the confirmation that waste industry is moving towards more recovery, and sustained growth internationally. We reinforced our competitiveness efforts through the COMPASS programme, which has exceeded its objectives. Nevertheless, the performance has been impacted by the difficulties encountered at the Melbourne desalination plant construction project. The teams working on this project are fully mobilised and, works physical completion is at 89% at the end of January 2012.

SUEZ ENVIRONNEMENT continues its long-term strategy offering both growth and resilience, and in an atonic economic environment is setting as priorities for 2012 and 2013 to protect profitability and maintain a solid balance sheet with a sustained cash flow generation.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs