Finance

Q3 2020 Financial results

Rigorous execution of SUEZ 2030 translates into strong Q3 results
Revenue and EBIT guidance for H2 confirmed
Board of Directors reinforced with two new members


  • Q3 2020 results ahead of expectations :
    • Revenue up +0.4% organically in Q3, notably driven by Environmental Tech & Solutions, to €4,396m in Q3 and totaling €12,562m year-to-date
    • EBIT at €336m in Q3, totaling €413m year-to-date
  • H2 2020 revenue and EBIT guidance confirmed1 :
    • H2 2020 Revenue to be down organically -4% to -2% versus last year
    • H2 2020 EBIT estimated around €600m to €650m
  • Net debt in sharp decline at €10,291m compared to September 30th, 2019 and June 30th, 2020
  • Solid commercial momentum: numerous contracts won in Asia and in the US; strengthened pipeline of opportunities
  • Board of Directors reinforced with two new members: Mr. Bertrand Meunier, Chairman of the Board of Directors of Atos, and Jacques Richier, Chairman and CEO of Allianz France. Both qualify as independent Directors.


Commenting the strengthening in the board, Philippe Varin, Chairman of the Board of Directors of SUEZ, declared:

Commenting the performance of the Group, Bertrand Camus, CEO of SUEZ, added:
1 H2 2020 guidance assuming no return to a generalized, region-wide confinement situation, and constant FX and commodity prices
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