SUEZ announces 2019 annual results

On 26 February, SUEZ Group has announced its 2019 annual results. Guided by the past progress of Shaping SUEZ 2030, the Group has delivered on all 2019 targets.
  • Solid full-year results: targets achieved
    • Organic revenue growth above target, at +3.6%
    • Organic EBIT growth at +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 selective growth and disposal strategies
    • Implementation of the Performance Plan across the Group
    • New managerial organization in place; full alignment of incentives
  • 2020 outlook1: in line with our Shaping SUEZ 2030 targets
    • Organic growth in Revenue of 2% to 3%
    • Organic growth in EBIT of 5% to 6% excl. Covid-19 impact in China estimated at €30m to €40m 2
    • 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 Shareholders’ Meeting on May 12, 2020. The consolidated financial statements have been audited and certified by the statutory auditors.


Bertrand Camus, SUEZ CEO, commented:

1 Assuming no major material change in economic and market conditions (including interest rates, forex and commodity prices) vs. those observed the past 12 months.
2 3-months impact in China and assuming a gradual return to normal situation in Q2 2020.
3 Using “new performance indicators”, click here for more details at Paris’ press release.

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