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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Suez Environnement: 2013 First Half Results

PARIS, July 31, 2013 /PRNewswire/ --

solid performance  despite adverse economic and climatic conditions in Europe

sustained international growth

IMPROVEMENT IN OPERATIONAL PERFORMANCE

  • Revenues: €7,177m, or organic change of -1.7%
  • EBITDA: €1,209m, organic growth of +7.2%
  • EBITDA margin: 16.8% compared with 15.5% in H1 2012
  • Net income, Group share: €132m, an increase of €92m compared with H1 2012
  • Net financial debt: €7,833m, stable compared with H1 2012, with a Net Financial Debt to EBITDA ratio of 3.1 x [1]

The Board of Directors approved the results for the first half of 2013 at its meeting of 30 July 2013.

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

"SUEZ ENVIRONNEMENT is reporting an improved performance and is continuing its expansion in growing markets despite the still adverse economic environment, combined with unfavourable weather conditions in Europe.

SUEZ ENVIRONNEMENT is pursuing its development strategy, while continuing to focus primarily on improving its performance. The Group has made significant progress on its strategic priorities in the first half of the year, which are smart water, waste recovery, international development and industrial water.

The Water Europe activities are expanding, benefiting from price increases and a sustained commercial dynamism; volumes were nonetheless affected by the record rainfall. The Group has, moreover, signed the wastewater contract of the metropolitan region of Barcelona that represents €3.5 billion over 35 years.  The Waste Europe activities were affected by a further decline in the industrial production. However, the Group was awarded a number of commercial contracts and has reinforced its leading position in the waste recovery business, with the award of 3 major contracts in the United Kingdom and Poland. Lastly, SUEZ ENVIRONNEMENT is successfully pursuing its international development. In China, the Group gained major waste management contracts in Hong Kong and wastewater contracts in Shuangliu.

Furthermore, a reinforced organisation has been put in place with the setting up of a new Innovation and Industrial Performance Department, which priority is to focus on improving business industrialization.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,915.07 -70.54 -0.42%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2040 -22.83 -0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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