Group
SUEZ 2020 Annual Results
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
Our SUEZ 2030 strategic plan – which combines a refocus on higher growth, value-added activities with an ambitious performance plan – shows clear results, after only one year of implementation, as well as its strength to meet today's environmental challenges. Our annual results are solid and show the relevance of our strategic choices, even in the particular context of the sanitary crisis. The commitment of our employees and our strong innovation have supported our commercial success and enabled us to deliver our essential services. We have made structural improvements to our cash generation and have deployed our performance plan beyond our expectations and also significantly reduced our debt. These solid results enable us to improve our financial outlook and to affirm our confidence in our ability to create value for our shareholders, employees and customers in order to preserve the vital resources of our planet.Bertrand Camus , Chief Executive Officer of SUEZ
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.
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.