SUEZ 9M 2019: STRONG PERFORMANCE FULL YEAR REVENUE TARGET UPGRADED TOWARDS THE UPPER END OF THE RANGE
§ Revenue: €13,127m, organic growth of +3.2%, each division contributing positively
§ EBIT: €1,016m, organic growth of +4.2%, notably driven by Recycling & Recovery and International divisions
§ 2019 guidance:
• Upgrade of revenue expectations towards the upper end of our organic growth target range
• Confirmation of all other 2019 objectives
§ Net Debt down (on a constant accounting basis), to €10,600m
§ Our strategic plan “Shaping SUEZ 2030” launched and under way
Bertrand Camus, SUEZ CEO, commented:
“In the first nine months of 2019, SUEZ posted a strong performance. In particular, our solid organic revenue growth enables us to improve our full year revenue expectations which we now expect towards the upper end of our organic growth target range. We have improved profitability and lowered leverage. All our divisions contributed positively to our expansion, allowing us also to confirm all our other 2019 objectives.
On the 2nd of October, we presented “Shaping SUEZ 2030”, the new strategic roadmap for SUEZ designed to radically transform the Group. Driving selectivity in growth, simplicity in our way of working and a renewed engagement grounded on new values and culture, the plan enhances value creation for all stakeholders over 4 years, with material results as soon as 2021.”
Disclaimer
This press release contains unaudited financial data. Unless specified, the aggregates presented are those normally used and communicated on markets by SUEZ.
This press release contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying assumptions, statements regarding plans, expectations and objectives with respect to future operations, products and services, and statements regarding future performance. Such statements do not constitute forecasts regarding SUEZ’s results or any other performance indicator, but rather trends or targets, as the case may be. No guarantee can be given as to the achievement of such forward-looking statements and information. Investors and holders of SUEZ securities are cautioned that forward-looking information and statements are subject to various risks and uncertainties, which
are difficult to predict and generally beyond the control of SUEZ, and that such risks and uncertainties may entail results and developments that differ materially from those stated or implied in forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed or identified in the public documents filed with the Autorité des Marchés Financiers (AMF), the French Financial Markets Authority. Investors and holders of SUEZ securities should consider that the occurrence of some or all of these risks may have a material adverse effect on SUEZ. SUEZ is under no obligation and does not undertake to provide updates of these forward-looking statements and information to reflect events that occur or circumstances that arise after the date of this document. More comprehensive information about SUEZ may be obtained on its Internet website (www.suez.com). This document does not constitute an offer to sell, or a solicitation of an offer to buy SUEZ securities in any jurisdiction.
About SUEZ
With 90 000 people on the five continents, SUEZ is a world leader in smart and sustainable resource management. We provide water and waste management solutions that enable cities and industries optimize their resource management and strengthen their environmental and economic performances, in line with regulatory standards. With the full potential of digital technologies and innovative solutions, the Group treats over 45 million tons of waste a year, produces 4.4 million tons of secondary raw materials and 7.7 TWh of local renewable energy. It also secures water resources, delivering wastewater treatment services to 66 million people and reusing 1.1 billion m3 of wastewater. SUEZ generated total revenues of 17.3 billion euros in 2018.
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