Finance

First-half 2019 results

SUEZ H1 2019:
ORGANIC GROWTH IN LINE WITH OUR EXPECTATIONS
2019 OBJECTIVES CONFIRMED
 

  • Revenue: €8,656m, organic growth of +3.5%
  • EBIT: €645m, organic growth of +4.8% with a positive contribution from each of the divisions
  • Net income Group share: €212m, up +135% and +14% excluding one-offs, including a net positive impact of €145m related to the resolution of arbitration on the Buenos Aires contract
  • Work on strategic repositioning progressing as planned with conclusions to be presented by October 30th


Bertrand Camus, SUEZ CEO, commented:

Results at June 30, 2019

SUEZs Board of Directors examined the consolidated financial statements at June 30, 2019 at its meeting held on July 25, 2019. They were also reviewed by the Audit Committee at its meeting of July 24, 2019.

   Excluding IFRS 16
In millions of euros June 30, 2018
June 30, 2019 Gross variation
Organic variation
 Gross variation
 Variation at constant FX
Revenue 8,351
8,656
+3.7% +3.5% +3.7% +2.9%

EBITDA

EBITDA / Revenue

1,323

15.8%

1,521

17.6%

+15.0%

 

+2.4%

 

+3.1%

 

+2.6%

 

EBIT

EBIT / Revenue

607

7.3%

645

7.5%

+6.2%


+4.8%


+5.2%


+5.0%


Net income - Group share 90
 212 x2.3
Net income - Group share excluding one-offs1
69
 79 +14.3%
In millions of euros June 30, 2018 June 30, 2019 Gross variation
Free Cash-Flow
238
292
+22.7%

Excl. IFRS 16

Net Debt

9,323
10,614
-0.9%
Net Debt / EBITDA
3.5x
3.3x² -0.2x
1 At constant reporting standards and excluding impairments, capital gains, and resolution in Argentina
2 At constant reporting standards

Press contact

Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com +33 1 58 81 55 62
Analysts / Investors
+33 1 58 81 24 05