STEADY GROWTH IN REVENUE
NET INCOME GROUP SHARE DOUBLED
NEW MINORITY SHAREHOLDER IN US REGULATED WATER
IN ORDER TO ACCELERATE DEVELOPMENT
2018 TARGETS CONFIRMED
First-half 2018 results:
| In millions of euros | June 2017 restated2 | June 30 20183 | Gross change | Organic change |
FX change |
Change at constant exchange rates1 |
|---|---|---|---|---|---|---|
| Revenue | 7,493 |
8,351 |
+11,4% | +3,0% | -3,5% | +15,0% |
| EBITDA | 1,268 |
1,323 |
+4,4% | +2,6% | -3,4% | +8,8% |
|
EBIT |
594 |
607 | +2,3% |
+7,5% |
-4,4% |
+12,0% |
| Net income Group share | 44 |
90 | 103,5% |
After the Board of Directors approved the first-half 2018 results at its July 25, 2018 meeting, Jean-Louis Chaussade, Chief Executive Officer, made the following statement:
The year has started off well. The Group’s growth momentum is intensifying, notably with the significant contribution from WTS, which exceeded our expectations at the end of the first half of the year. Growth was also robust in the International and the Recycling & Recovery Europe divisions, with a strong commercial performance in all geographies. The Water Europe division continued to be negatively affected by the absence of inflation in France and Spain and by disappointing weather conditions during the first half of the year. The Group’s profitability is improving, driven by growth in revenue and by the first impacts of our action plan on operational performance. The results for the first half of the year therefore give us a great deal of confidence in our ability to meet our full-year targets. In addition, we signed an agreement with PGGM to sell 20% of the capital in our regulated water activities in the United States. The proceeds will enable the Group to accelerate its growth in this high value creation segment.
Jean-Louis Chaussade , Chief Executive Officer of SUEZ