2019 annual results

  • 26/02/20
Annual results 2019

SUEZ DELIVERS IN ALL 2019 TARGETS

FAST PROGRESS ON SHAPPING SUEZ 2030

  • Solid full-year results : targets achieved
  • Organic revenue growth above target, at 3,6%
  • Organic EBIT growth +4,3%
  • Cash Flow up +7%
  • Leverage (ND / EBITDA) down to 3,0x (at constant accounting standards)
  • The rollout of Shaping SUEZ 2030 is well underway
  • Implementation of slective growth and disposal strategies
  • Implementation of the Performance Plan across the Group
  • New managerial organization in place; full alignement of incentives

 

  •  2020 outlook¹ : in line with our Shapin SUEZ 2030 targets
  • Organic growth in Revenue of +2 à 3%
  • Organic growth in EBIT de +5 to 6%, excl. Covid-19 impact in China estimated at €30m to €40m2
  • Recurring EPS (new definition) 3 of €0,65
  • Recurring Free Cash Flow (new definition) 3 of 300m€

 

  • 2021 targets confirmed: recurring EPS of €0,80, recurring Free Cash Flow of €500m

On February 25, 2020, the Board of Directors met and approved SUEZ’s 2019 financial statements, which will be submitted for the approval of the General Shareholder’ Meeting on May 12, 2020. The consolidated financial have been audited and certified the statutory auditors.

¹ Assuming no major material change in economic and market conditions (including interest rates, forex and commodity price) vs. those observed the past 12 months.

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