The French Suez Group has reported positive half-year results. At the presentation of the financial data for the first half of 2019 on 26 July in Paris, CEO Bertrand Camus announced a turnover of 8.351 billion euros for the first six months. The waste management and environmental technology specialist has strengthened its position as an innovative provider in high-quality business areas, according to Camus.
Suez the Half-year balance sheet according to an adjusted profit for the first half of the year of 79 million euros. Compared to the same period of the previous year, the half-year result adjusted for one-off effects thus rose by 14.3 per cent. Total sales were 3.7 per cent higher than in the first half of 2018.
Growth in line with expectations
The growth achieved is in line with expectations, according to Bertrand Camus. The Suez Group continues to pursue the goal of becoming the world market leader for Environmental services and make a contribution to a more sustainable world. The highlights that contributed to the company's results and Growth prospects the CEO mentioned, among other things, the opening of the most modern European Sorting plant for lightweight packaging in Ölbronn and the takeover of waste management in Manchester, UK. Larger company acquisitions were made in Saudi Arabia and China.
The internationally operating group is active in various business areas. The „Water Europe“ recorded a slight decrease of 0.1 per cent with sales of 2.228 billion euros. The operating result (EBIT) fell by 1.1 per cent. The „Water Technologies & Solutions“, on the other hand, grew strongly. EBIT amounted to 18.8 per cent, with half-year sales of 1.195 billion euros. The international division recorded EBIT of 8.7 per cent and sales of just under two billion euros in the first six months.
Refurbishment and recycling are doing particularly well in Europe
Sales in the „Recycling & Recovery Europe“. EBIT increased by 6.8 per cent. Sales driver According to the information provided, this was due to soil remediation activities in Northern Europe, but above all to particularly strong growth of 8.9 per cent in the Benelux-Germany region, where there was Price adjustments with industrial and commercial customers.
[infotext icon]30 million euros invested in Baden-Württemberg
Suez Recycling Süd has invested around 30 million euros in a modern sorting plant for lightweight packaging, which went into operation in Ölbronn in Baden-Württemberg in May and was officially opened in July. Largely automated, around 100,000 tonnes of lightweight waste can be sorted there every year. We reported on this in this article.
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