Finance
First-quarter 2017 results
Encouraging operating trends
Growing earnings
Acquisition of GE water, a major development step for SUEZÂ
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
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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 |
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% | Â +10.8% | Â +5.7% | Â +5.1% |
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- 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.
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Commenting on the first-quarter 2017 results, Chief Executive Officer Jean-Louis Chaussade said:
1Â Excluding IFRIC 21
2Â The ratio of net financial debt/EBITDA calculated over a rolling 12 month period