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Suez SA is a French-based utility company which operates largely in the water treatment and waste management sectors.

Suez SA
Société Anonyme
Traded asEuronextSEV
CAC Next 20 Component
IndustryUtilities
PredecessorGaz de France
Suez
Founded22 July 2008
Headquarters,
Key people
Jean-Louis Chaussade (Chairman)
Bertrand Camus (CEO)
ProductsWater treatment, waste management
Revenue15.322 billion (2016)[1]
€2 billion (2016)[1]
€623 million (2016)[1]
Total assets€29.284 billion (end 2016)[1]
Total equity€6 billion (end 2016)[1]
Number of employees
82,536 (end 2016)[2]
Websitewww.suez.com

Contents

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 Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.

DescriptionEdit

The company has its head office in La Défense, Paris.[9]

In some territories, Suez operates as SITA.

Financial resultsEdit

Financial results in millions of euros:

2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenues 15,322 15,135 14,324 14,644 15,102 14,830 13,869 12,296 12,364
EBITDA 2,651 2,751 2,644 2,520 2,450 2,513 2,339 2,060 2,102
Current operating income 1,102 1,115 1,011 1,184 1,146 1,040 1,025 926 1,059
Net income (group share) 420.3 407.6 417.2 352 251 323 565 403 533

Shareholder structureEdit

The largest shareholder in Suez Environnement as of 31 December 2010 was GDF Suez with around 35.4%. Other major stakes were held by Groupe Bruxelles Lambert (7.1%), employees of the company (0.9%), Caisse des Dépôts et Consignations (2.0%), Areva (1.4%), CNP Assurances (1.3%), and Sofina (0.8%).[10] Some 52% of the shares were considered free float.

ReferencesEdit

  1. ^ a b c d e "Consolidated Financial Statements of SUEZ for the Fiscal Years Ended December 31, 2016 and 2015" (PDF). Suez S.A. Retrieved 13 December 2017.
  2. ^ "Press Release SUEZ 2016 Annual Results" (PDF). Suez S.A. Retrieved 13 December 2017.
  3. ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22.
  4. ^ "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Retrieved 2019-08-10.
  5. ^ Ghaswalla, Amrita Nair. "Suez Environnement bags three water treatment projects worth ₹505 crore". @businessline. Retrieved 2019-08-10.
  6. ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2019-08-10.
  7. ^ 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.
  8. ^ "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. 2017-03-08. Retrieved 2019-08-10.
  9. ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  10. ^ "Capital structure". Suez Environnement. Retrieved 10 February 2011.

External linksEdit