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April 22, 2013 /PRNewswire/ --
STABLE OPERATING PERFORMANCE IN A DIFFICULT ECONOMIC CONTEXT IN
Revenue: down at €3497m, -2.6%
EBITDA: €570m, +0.8%
EBITDA margin: 16.3%, up compared to Q1 2012 (15.8%)
Organic Change in
In MEUR 31 March 2012 31 March 2013 change change scope
Revenue 3,591 3,497 -2.6% -2.6% +0.2%
EBITDA 566 570 +0.8% 0.0% +0.5%
EBITDA/Revenue 15.8% 16.3%
For the 1stquarter of 2013, SUEZ ENVIRONNEMENTreported revenuesdown by -2.6% at €3,497m, or stable excluding the impact of Melbourne plantconstructioncompletion in December 2012. The Water Europe and International divisions reported organic growth, respectively +3.4% and +5.0% (excluding the Melbourne plant completion). The Waste Europe division is down by -5.3% linked to a reduction of the treated volumes. SUEZ ENVIRONNEMENT continues its commercial development with the gain of contracts such as Merseyside ( United Kingdom), Poznań ( Poland), Tours ( France) in waste, Rhône Ventoux ( France) in water, or finally New Delhi ( India).
EBITDAstands at €570m, up +0.8% or stable in organic terms. Despite a difficult macro-economic context in Europe, the EBITDA margin stands at 16.3%, improving versus Q1 2012. This operating performance confirms the relevance of the strategic choices made by the Group, both in terms of business model and cost reductions already achieved and further strengthened since the second half of 2012.
The Group's netfinancialdebt(NFD)standsat €7,616m. It includes negative marked-to-market and forex effects. In Q1, the NFD/EBITDA ratio is in line with the objective of around 3 times.
Commenting on the first quarter 2013 results, Jean-Louis Chaussade, Chief Executive Officer, stated:"Our Group's performance remains good despite aneconomic contextthatisparticularlydifficult in Europe inthe beginning of 2013.This is the result, on one hand,ofanoptimizedmanagement of our assetswith afurther reinforced cost controland, on the other hand,the relevance of our strategic choices, with the development of four prioritiesaxesfor growth, which are smart water, waste recovery, international development and industrial water.
The Water Europe business has increased thanks to contract gains and renewals, and the steady development of new business activity. International Division maintains a dynamic growth in
Australia. However, Waste Europe Division has been affected by a decrease in treated volumes, a direct consequence of the decline of industrial production in
SUEZ ENVIRONNEMENTpursues its target to improve its operational performance on a constant basis, while preparingthe Groupfor the future: the
growthof the Groupis based on long-termdrivers, high-quality assets, and a clearly defined development strategy."BREAKDOWN OF ACTIVITY AS AT END MARCH 2013
Revenue 31 March 2012 31 March 2013 change change scope
Water Europe 1,008 1,041 +3.3% +3.4% -0.4%
Waste Europe 1,658 1,583 -4.6% -5.3% -0.1%
International 923 870 -5.7% -4.1% -0.2%
Other 3 2 - - -
TOTAL 3,591 3,497 -2.6% -2.6% +0.2%
March 31st, 2013,
SUEZ ENVIRONNEMENT reported revenues of €3,497m, a gross change of -2.6% (-€95m) overall compared with
March 31st, 2012. This breaks down as follows:o:
Organic variation of -2.6% (-€93m):
Revenue in the Water Europe division was up (+€34m, +3.4%) for both Lyonnaise des Eaux and Agbar, benefiting from rising prices, and the development of new business activities.
Revenue in the Waste Europe division was down (-€89m, -5.3%). It was affected by a drop in the treated waste volumes and a fall of secondary raw material prices.
Revenue in the International division was down (-€38m, -4.1%) but up +5.0% excluding the impact of Melbourne plant construction completion in December 2012.
Scope effect of +0.2% (+€9m):
Water Europe: -€4m
Waste Europe: +€15m
Unfavourable exchange rate impact of -0.3% (-€11m), mainly due to the depreciation of the Australian dollar (-€7m) and the pound sterling (-€4m) against the euro.
In the first quarter of 2013, SUEZ ENVIRONNEMENT posted 30% of its revenue outside Europe.
SUEZ ENVIRONNEMENT maintains its objectives. and remains fully mobilized to achieve its 2013 guidance