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Suez SA (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. The company has its head office in La Défense, Paris.[1] In 2015, all the group's brands became SUEZ.[2]
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.jpeg) Suez headquarters in La Défense, Paris | |
| Type | Société Anonyme |
|---|---|
| Euronext Paris: SEV | |
| ISIN | FR0010613471 |
| Industry | Utilities |
| Predecessor | Gaz de France Suez |
| Founded | 22 July 2008 |
| Headquarters | , |
Key people | Sabrina Soussan (Chairman and CEO) |
| Products | Water management, waste management |
| Revenue | €7,5 billion (2021) |
Number of employees | 35,000 (2022) |
| Website | Global Website |
HistoryEdit
Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez (now Engie) on 22 July 2008.[3] Engie remained the largest shareholder of the company with a 35% stake.[3] On the stock market, Suez Environnement's share jumped 40% in value on its first day.[4]
In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.[5] In July 2015, the group Suez Environnement simplified its name to become Suez, after the group GDF-Suez changed its name to Engie, leaving the name Suez available again.[6] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.[7]
On October 1, 2017, Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [8] and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.
On May 14, 2019, Bertrand Camus was appointed as chief executive officer of Suez.[9]
On February 1, 2022, SUEZ begins a new chapter in its history with its acquisition by the Consortium of shareholders and the appointment of a new CEO, Sabrina Soussan.
As of August 1, Sabrina Soussan is appointed chairman and CEO of SUEZ.[10]
Financial resultsEdit
Financial results in millions of euros:[11]
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 18,015 | 17,331 | 15,783 | 15,322 | 15,135 | 14,324 | 14,644 | 15,102 | 14,830 | 13,869 | 12,296 | 12,364 |
| EBITDA | 3,220 | 2,768 | 2,578 | 2,651 | 2,751 | 2,644 | 2,520 | 2,450 | 2,513 | 2,339 | 2,060 | 2,102 |
| Current operating income | 1,208 | 1,142 | 1,000 | 1,102 | 1,115 | 1,011 | 1,184 | 1,146 | 1,040 | 1,025 | 926 | 1,059 |
| Net income (group share) | 352 | 335 | 295 | 420.3 | 407.6 | 417.2 | 352 | 251 | 323 | 565 | 403 | 533 |
Company governanceEdit
As of March 10, 2022, the executive committee is made up of:[12]
- Sabrina Soussan, Chairman[10] and chief executive officer
- Maximilien Pellegrini, Group Deputy CEO, in charge of France and Italy
- Frederick Jeske-Schoenhoven, Group SVP Strategy, Communication and Sustainable Development
- Thomas Devedjian, Group Chief Financial Officer
- Laurent-Guillaume Guerra, Group Chief Human Resources Officer
- Philippe Andrau, Group Legal Affairs Officer
Edit
Breakdown of share capital as of February 1, 2022.
| Meridiam | 40% |
| GIP | 40% |
| Caisse des Dépôts et Consignation | 12% |
| CNP Assurances | 8% |
See alsoEdit
ReferencesEdit
- ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
- ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2021-12-17.
- ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22.
- ^ "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Retrieved 2019-08-10.
- ^ Ghaswalla, Amrita Nair. "Suez Environnement bags three water treatment projects worth ₹505 crore". @businessline. Retrieved 2019-08-10.
- ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2019-08-10.
- ^ Binsted, Tim (2015-09-21). "France's Suez buys Sembcorp out of Australian waste joint venture for $485m". The Sydney Morning Herald. Retrieved 2019-08-10.
- ^ De Clercq, Geert (2017-03-08). "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. Retrieved 2019-08-10.
- ^ "Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019". suez.com. 14 May 2019.
- ^ a b "Global Water Intelligence". Global Water Intelligence. Retrieved 2022-08-29.
- ^ "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.
- ^ "SUEZ forms its Executive Committee". suez.com. 2 December 2019.