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Suez Environnement: 2013 First Half Results

PARIS, July 31, 2013 /PRNewswire/ --

solid performance  despite adverse economic and climatic conditions in Europe

sustained international growth

  • 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.

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