Suez announces succesful first-half 2019

According to Suez, the revenue in the first half of the year was €8,656m, which means an organic growth of +3.5%. The EBIT was €645m, with a positive contribution from each of the devisions. Suez announced a net income Group share: €212m, up +135% and +14% excluding one-offs.

Bertrand Camus, Suez CEO, commented: “Suez’s operating performance in the first half of the year was solid, with organic growth in revenue and EBIT in line with our expectations. We confirm our 2019 objectives. For the first-half, our commercial success matches our priorities: international expansion, consolidation of our positions in Europe, growth with industrial customers and increased focus on innovation in high value-added businesses. In particular, SUEZ won Manchester’s waste management contract, opened the most modern sorting center in Europe in Germany and began construction of a plastic recycling plant in Thailand. The Group also acquired a majority stake in a Saudi company, EDCO, a hazardous waste specialist. Finally, the acquisition in China of ALS laboratories, a leader in analysis, control and certification, strengthens our innovation capabilities. Looking ahead, my ambition is to make SUEZ the world leader in environmental services, contributing to a more sustainable planet. Our business and expertise are central to the challenges of our times, especially sustainability and climate change. With the support of the Board of Directors, we are making progress on a comprehensive strategic review. The strategic repositioning resulting from this review will be presented by October 30th. By mobilizing all the Group’s talent, I am determined to ensure our growth is selective and profitable, in order to create value for all stakeholders.”