Finance

SUEZ Q1 2021 Financial results

SUEZ Q1 2021: Excellent results, with strong organic growth compared to 2019 and 2020, illustrating the success of SUEZ 2030 plan


  • The Group’s commercial dynamism is reflected in robust organic revenue growth (+5.9% vs. Q1 2020 / +6.2% vs. Q1 2019), with positive contributions from all business segments
  • The acceleration of the performance plan drove an increase in EBITDA to €768 M (organic growth of +17.0% vs. Q1 2020 / +14.6% vs. Q1 2019). EBIT stands at €340 M (organic growth of +39.0% vs. Q1 2020 / +16.3% vs. Q1 2019)
  • Strong operational execution: resilient Water activities and strong performance in Recycling and Recovery (especially in France) and Environmental Tech & Solutions (especially SES and WTS)
  • Solid cash generation, supported by tight control of working capital
  • 2021 objectives and outlook confirmed
  • An ordinary dividend only, of €0.65 per share, will be proposed to shareholders at the Annual General Meeting to be held on 22 June 2021
  • Work is underway to complete the final merger agreements between SUEZ and Veolia by 14 May
Bertrand Camus, SUEZ CEO, commented:

Contacts

Analysts & Investors: Cécile Combeau - Baptiste Fournier - Julien Minot
+33 1 58 81 24 05