Finance

Results for the first half of 2021

DRIVEN BY THE SUCCESS OF THE SUEZ 2030 PLAN,
SUEZ IS SHOWING A VERY SHARP UPSWING IN PERFORMANCE
THE GROUP CONFIRMS ALL OF ITS OBJECTIVES
 

  • The results fully support the objectives set for 2021:
    • Revenue: €8,711 million, with organic growth of +11.0% vs. H1 2020 and +5.7% vs. H1 2019
    • EBITDA: €1,601 million, with organic growth of +38.1% vs. H1 2020 and +11.2% vs H1 2019
    • EBIT: €798 million, +€722 million vs H1 2020, +€153 million vs H1 2019
    • Recurring EPS: €0.48
    • Recurring free cash flow: €484 million
  • Robust operational execution:
    • Continued strong sales momentum, with €1.8 billion in new contracts in the first half both in France and internationally
  • Municipal Water activities still resilient, strong rebound in Recycling & Recovery (particularly in France) and Environmental Tech & Solutions (especially SES and WTS)
    • Operating profitability strengthened by accelerated growth and by the €148 million in performance savings over the period
  • Net debt down sharply to €8,625 million, supported by solid cash generation and the impact of more than €1 billion from disposals
    • Debt ratio reduced to 2.7 times EBITDA over a rolling 12-month period
  • European taxonomy: 74% of consolidated 2020 revenues, and 90% identified by European regulations as contributing to the protection of the environment and the fight against global warming.
  • Both the work to create the new SUEZ and the work in relation to Veolia’s takeover bid continue to progress toward the achievement of the end-2021 target date for completing the transaction.

The SUEZ Board of Directors examined and authorized the publication of the condensed consolidated financial statements at 30 June 2021 at its meeting on 28 July 2021. They have been subject to a usual limited review by the statutory auditors.


Bertrand Camus, CEO of SUEZ, commented:

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