ESTIMATED PERFORMANCE FOR 20171 IN LINE WITH GROUP GUIDANCE
ON ORGANIC REVENUE GROWTH, FREE CASH FLOW AND LEVERAGE
ORGANIC EBIT GROWTH IMPACTED IN THE FOURTH QUARTER BY ADDITIONAL SPECIFIC EXPENSES,
LEADING TO A C.2% DECLINE IN 2017. EXCLUDING THESE ITEMS, THE TREND OBSERVED WAS IN LINE
WITH THAT OF THE FIRST NINE MONTHS OF THE YEAR AT +1.4%
IN 2018, ORGANIC EBIT GROWTH EXPECTED TO ACCELERATE TO ABOUT 3%, BOOSTED BY GROWTH
FROM WATER TECHNOLOGIES & SOLUTIONS. OVERALL, EBIT GROWTH WILL BE C.10% AT
CONSTANT EXCHANGE RATES2
The Board of Directors of SUEZ met today to review estimated results for 2017 and the outlook for 2018. It
concluded that SUEZ should meet its 2017 guidance for organic revenue growth, free cash flow generation
and leverage. However, EBIT was impacted in the fourth-quarter by €45 million of specific expenses. They
were caused mainly by the particular circumstances in Spain, and costs associated with the decision to
terminate two services contracts, in Morocco and India, due to operational difficulties. This indicator
therefore declined by 2% on an organic basis.
Excluding these items, annual organic growth in EBIT would have been in line with the 1.4% trend reported
at the earnings presentation at end-September 2017.