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

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT