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
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.