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Suez (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. Suez is the largest private water provider worldwide, by number of people served.[2] The company has its head office in La Défense, Paris.[3] In 2015, all the group's brands became Suez.[4]
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.jpeg) Suez headquarters in La Défense, Paris | |
| Type | Société Anonyme |
|---|---|
| Euronext: SEV | |
| Industry | Utilities |
| Predecessor | Gaz de France Suez |
| Founded | 22 July 2008 |
| Headquarters | , |
Key people | Philippe Varin (Chairman of the board) Bertrand Camus (CEO)[1] |
| Products | Water management, waste management |
| Revenue | €17,2 billion (2020) |
Number of employees | 86,195 (2020) |
| Subsidiaries | Suez Waters USA, ZENON Environmental |
| 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.[5] Engie remained the largest shareholder of the company with a 35% stake.[5] On the stock market, Suez Environnement's share jumped 40% in value on its first day.[6]
In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.[7] 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.[8] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.[9]
On October 1, 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [10] 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.[11]
Financial resultsEdit
Financial results in millions of euros:[12]
| 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 January 1, 2020, the Executive Committee is made up of:[13]
- Bertrand Camus, Chief Executive Officer
- Jean-Marc Boursier, Senior Executive VP Group in charge of the France Region and Group Chief Operating Officer;
- Julian Waldron, Senior Executive VP Group in charge of Finance;
- Christophe Cros, Senior Executive VP Group in charge of the North America Region and President of the global BU Water Technologies & Solutions (WTS);
- Ana Giros, Senior Executive VP Group in charge of the APAC (Asia, Australia and India) and AMECA (Africa, Middle East, Central Asia) Regions and Industrial Key accounts;
- Angel Simon, Senior Executive VP Group in charge of the Southern Europe Region (Spain, Italy/Slovenia, Greece) and Latin America;
- David Palmer-Jones, Senior Executive VP Group, in charge of the Northern Europe Region (UK, Sweden, Netherlands, Belgium, Germany, Luxembourg, IWS, Poland/Serbia/Central Europe, Czech Republic);
- Diane Galbe, Senior Executive VP Group in charge of the global Business Unit Smart & Environmental Solutions, Head of Strategy and Shaping SUEZ 2030 Project;
- Jacques Audibert, Secretary General;
- Isabelle Calvez, Group Chief Human Resources;
- Tiphaine Hecketsweiler, Group Chief Engagement and Communications Officer.
Edit
Breakdown of share capital as of December 31, 2020.
| Veolia | 29,89% |
| Criteria Caixa | 5,91% |
| Caltagirone | 0,29% |
| SUEZ employees | 3,96% |
| Engie | 1,82% |
| Treasury shares | 0,03% |
| Institutions | 58,10% |
See alsoEdit
ReferencesEdit
- ^ "SUEZ Group, Board of Directors and Committees". Retrieved 28 December 2020.
- ^ « The world’s top 50 private water operators » (August 2019). "" The world's top 50 private water operators "" (PDF). Global Water Intelligence.
- ^ "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.
- ^ "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.
- ^ "Bertrand Camus announces a new organization". suez.com. 2 December 2019.
