from SUEZ
SUEZ 2024 Half Year Results Continued growth in the first half of the year
Paris, July 30th 2024
SUEZ 2024 Half Year Results
Continued growth in the first half of the year
As of 30th June 2024, the SUEZ S.A. Group's overall revenues stand at €4.550 billion compared to €4.370 billion in H1 2023.
EBITDA(a) comes in at €0.733 billion, against €0.632 billion in H1 2023.
The breakdown of revenues and EBITDA by division is as follows:
Water Recycling and Recovery Other and Intercompany Eliminations Total | 1 664 2 907 (21) 4 550 | 1 628 2 724 18 4 370 | 350 410 (27) 733 | 301 351 (21) 632 |
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* Income statement as of June 30th 2023 restated to reflect the impacts of the purchase price allocation of Enviroserv, IWS and SUEZ R&R UK. Impacts of -€1.5 million and -€2.1 million were recorded on revenue and EBITDA respectively as of June 30, 2023.
Net debt(b) amounts to €5.326 billion, compared with €5.162 billion at the end of 2023. This change is in line with the Group's expectations to support its growth and development strategy.
The Group continues its commercial development in France and internationally through the coming into force and the securing of numerous new contracts including:
• the collection of waste from the Métropole de Lyon and La Rochelle as well as the operation of the Taden Waste-to-Energy Unit (contracts that came into force in the first half of 2024)
• the construction, operation and maintenance of the new wastewater treatment plant in La Roche-sur-Yon (a new contract with a total value of nearly €100 million)
• the eight-year extension recycling and waste contracts worth over £1 billion with Greater Manchester Combined Authority, the largest waste disposal authority in the UK (new contracts which covers the operation of 41 facilities over 24 sites)
• | the desalination plant in the Iloilo region and the wastewater treatment with Maynilad (both in the Philippines), the construction and operation of a seawater desalination plant in the city of Hsinchu in Taiwan (new contract with a total value of €508 million) and the two new water and waste contracts in Chongqing and Shanghai. These projects support Asian region’s ecological transition |
The financial statements are available on the www.suez.comGroup website.
Contacts
PRESS
Press Service +33 (0)6 32 18 39 54
suez.media@suez.com
FINANCE DEPARTMENT Adil Belmejdoub
Financial Communication Director
adil.belmejdoub@suez.com
About SUEZ
Faced with growing environmental challenges, SUEZ has been delivering essential services that protect and improve our quality of life for more than 160 years. SUEZ provides its customers with innovative and resilient solutions for water and waste services. With 40 000 employees across 40 countries, the Group works with customers to create value over the full lifecycle of their assets and services, and to drive their low carbon transition. In 2023, SUEZ provided drinking water for 57 million people worldwide and sanitation services for more than 36 million people. The Group generated 7.7 TWh of energy from waste and wastewater. In 2023, SUEZ has generated revenues of 8.9 billion euros.
For more information: www.suez.com/ Twitter @suez
GLOSSARY
(a) EBITDA corresponds to Recurring Operating Income plus the share of net income of associates and joint ventures, net of (i) depreciation and amortization, (ii) provisions net of provisions, (iii) taxes on IFRIC21, (iv) share-based payments, (v) net cash costs from concessions, and (vi) net brand and know-how royalties. See note 3.3.2 of the financial statements.
(b) Net financial debt (post IFRS16) includes current and non-current financial debt (including derivative financial instruments on assets and liabilities), less cash and cash equivalents. See note 10.1 to the financial statements.
DISCLAIMER
We are providing this information voluntarily, and the material contained in this document is presented solely for information purposes and is not to be: (i) construed as providing investment advice; (ii) relied upon or the form the basis for any investment decisions; or (iii) regarded as a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset.
This document contains forward-looking statements which are based on current plans and forecasts of Suez’s management. Such forward-looking statements are by their nature subject to a number of important risk and uncertainty factors that could cause actual results to differ in a variety of substantial and very material respects from the plans, objectives and expectations expressed in such forward-looking statements.
No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed therein.
These such forward-looking statements speak only as of the date on which they are made, and Suez undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise (and has no notification obligations to any person in this regard). It should not be regarded by recipients as a substitute for the exercise of their own judgment. Neither Suez, nor any of its directors, officers, employees, affiliates or direct or indirect shareholders accepts any liability for any direct, indirect, consequential or other loss or damage suffered by any person as a result of relying on all or any part of this document and any and all liability is expressly disclaimed.
SUEZ, A public limited company with a share capital of €63,757,694.84, registered under number 901 644 989 RCS Nanterre Registered office: 16, place de l'Iris (Tour CB21) - 92040 Paris La Défense, France -Tel: +33 (0)1 58 81 20 00 - suez.com - VAT number: FR60901644989