Finance

2020 Annual results

Strong 2020 results and improved 2021 outlook underline the value creation of the SUEZ 2030 strategic plan
  • Solid set of results: objectives for the second half were exceeded
    • Revenue for the second half close to 2019 level (-0.9% organic variation), and at €17.2bn in 2020
    • EBIT at €704m for the second half and €780m in 2020, driven by improved performance
    • Net debt of €9,7491m at end-December 2020, down €403m vs. end-2019 thanks to the structural improvement in cash generation
  • Measures taken as part of SUEZ 2030 are paying off
    • SUEZ’s commercial momentum accelerated, both in France and internationally
    • First wave of both re-investment and asset disposals achieved at attractive multiples
    • €326m gross performance savings generated in 2020
  • Proposed dividend increase to 0.65€ per share2
    • Confirmed intention of an exceptional distribution of €1bn, as announced in September 2020
  • 2021 objectives and outlook improved3:
    • Revenues exceeding €16bn with a return to organic growth
    • EBIT between €1.4bn-€1.6bn
    • Recurring EPS between €0.80-€0.85
    • Recurring free cash flow above €500m
  • Publication in parallel this morning of a press release in which it is noted that the Board of Directors of SUEZ, during its meeting held on February 24th, 2021, unanimously decided that the conditions were not met to support Veolia’s project.
1 Including €138m of debt relative to activities marked for disposal in 2020 to be finalized in H1 2021.
2 Subject to approval by the Annual General Meeting of Shareholders
3 Assuming no return to a generalized, region-wide confinement situation, and constant FX and commodity prices.

Contacts

Press: Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com +33158815562
Analysts & Investors: Cécile Combeau - Baptiste Fournier - Julien Minot
+33158812405