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
Canadian power company Emera has agreed to buy Teco Energy Inc for $27.55 per share in cash as part of efforts to expand into Florida and New Mexico. The announcement sent Teco shares surging 28 percent in after-hours trade on the New York Stock Exchange. Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the...
comments powered by Disqus
Follow RTT