2020 Annual results

  • 26/02/21

Strong 2020 results and improved 2021 outlook underline the value creation of the SUEZ 2030 strategic plan

Solid set of results: objectives for the second half were exceeded
>Revenue for the second half close to 2019 level (-0.9% organic variation), and at €17.2bn in 2020
>EBIT at €704m for the second half and €780m in 2020, driven by improved performance
>Net debt of €9,749¹m at end-December 2020, down €403m vs. end-2019 thanks to the structural improvement in cash generation

Measures taken as part of SUEZ 2030 are paying off
>SUEZ’s commercial momentum accelerated, both in France and internationally
>First wave of both re-investment and asset disposals achieved at attractive multiples
>€326m gross performance savings generated in 2020

Proposed dividend increase to 0.65€ per share²
>Confirmed intention of an exceptional distribution of €1bn, as announced in September 2020

2021 objectives and outlook improved³
>Revenues exceeding €16bn with a return to organic growth
>EBIT between €1.4bn-€1.6bn
>Recurring EPS between €0.80-€0.85
>Recurring free cash flow above €500m

¹ Including €138m of debt relative to activities marked for disposal in 2020 to be finalized in H1 2021.
² Subject to approval by the Annual General Meeting of Shareholders
³ Assuming no return to a generalized, region-wide confinement situation, and constant FX and commodity prices.

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