logo
Share SHARE
FONT-SIZE Plus   Neg

Suez Environnement Q1 Revenue Up 2.2% - Quick Facts

Suez Environnement (SZEVY.PK,SZEVF.PK) said its first-quarter revenue was up 2.2 percent to 3.59 billion euros from 3.51 billion euros a year ago. The company posted organic growth of 1.4% for the quarter. All divisions are growing organically, the company noted.

EBITDA for the quarter dropped to 566 million euros from 592 million euros in the prior-year quarter.

Commenting on the 1st quarter 2012 results, Jean-Louis Chaussade, CEO of SUEZ ENVIRONNEMENT, stated,

"In a difficult economic context in Europe, and with the beginning of the year affected by adverse climatic conditions, the results for the 1st quarter have been impacted by the slowdown of treated waste volumes. Nevertheless, the Water business both in Europe and in our International divisions has shown good growth, as illustrated by the signature of the new water and wastewater operation contract for the city of Perth..."

For the 1st quarter, SUEZ posted 69% of its revenue in Europe. The portion achieved internationally, excluding Europe, accounted for 31%, compared to 28% in 2011. It benefited, notably, from the strong growth in the waste activity in Australia.

Going forward, in a difficult macro-economic context in Europe, and despite the slowdown in waste volumes in the 1st quarter, notably linked to unfavourable climatic conditions, SUEZ ENVIRONNEMENT remains confident in the achievement of its annual objectives.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Deutsche Bank (DB) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging. In a statement, the bank said its results were hurt by litigation expenses of... Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life.
comments powered by Disqus
Follow RTT