Finance

First-quarter 2017 results

Encouraging operating trends
Growing earnings
Acquisition of GE water, a major development step for SUEZ 

Q1 2017 results1:

  • Revenue: €3,721m, up +4.7%
  • EBIT: €281m, up +10.8%
  • Net financial debt: €8,125m, net financial debt / EBITDA2 ratio of 3.0x

  

in € m March 31, 2016 March 31, 2017 Organic change Gross change Change at constant exchange rates Exchange rate change
Revenue 3,555
3,721
 +3,8%
 +4,7%
 +3,9%  +0,8%

EBITDA
EBITDA / revenue

574
16.1%
614
16.5%
+2.1%
 +7.1%
 +4.2%
 +2.9%
EBIT
EBIT / revenue
253
7.1%
281
7.5%
2.6%  +10.8%  +5.7%  +5.1%

 

  • In first-quarter 2017, SUEZ increased revenue by +4.7% to €3,721m, out of which +3.8% on an organic basis. The Recycling and Recovery Europe division posted substantial organic growth in revenue of +7.4%, mainly attributable to the increase in commodity prices and higher treated waste volumes. The International division continued to increase revenue with +3.3% organic growth. In the Water Europe division, organic growth was up +1.1%, with the dynamism in Latin America offsetting Europe's deflationary effect.
  • EBITDA at end-March stood at €614m, up +7.1%, and +2.1% on an organic basis. EBIT rose +10.8%, and +2.6% on an organic basis, and reached €281m. The EBITDA and EBIT to revenue margins improved year-on-year.
  • Group net financial debt was €8.1bn compared with €8.0bn at end-2016, or 3.0 times EBITDA.

 

Commenting on the first-quarter 2017 results, Chief Executive Officer Jean-Louis Chaussade said:

1 Excluding IFRIC 21
2 The ratio of net financial debt/EBITDA calculated over a rolling 12 month period