2014-08-05 11:20:02
PRESS RELEASE
30 July 2014
2014 HALF-YEAR RESULTS
SOLID OPERATING PERFORMANCE
STRONG INCREASE IN NET INCOME
MAJOR DEVELOPMENTS FOR FUTURE GROWTH
Revenue: €6,891 million, +0.8% organic growth
EBITDA1: €1,326 million2, +1.6% organic growth
Net income Group share: €280 million, up €148 million versus H1 2013, including €129 million gain on
CEM disposal
Net financial debt: €7,295 million, stable compared to end of 2013, with Net financial debt / EBITDA
ratio reduced to 2.77x3
Significant impacts of exchange rates: -€168 million on revenue, -€61 million on EBITDA, neutral on
net debt
The Board of Directors approved the 2014 first-half results at its 29 July 2014 meeting.
Commenting on these results, Jean-Louis Chaussade, Chief Executive Officer, made the following
statement:
“SUEZ ENVIRONNEMENT has posted solid performance in the first half of the year, in line with annual set
objectives. The Water Europe division is growing strongly, benefiting from very significant increases in
prices and volumes. Waste Europe activities are steady in a very uneven industrial production country by
country in Europe. Lastly, activities in North America, Asia, and Africa-India-Middle East are up, driven by
sustained commercial dynamism. Degrémont activity is down, but has improved in the second quarter and
the outlook for contracts coming into force is positive.
The beginning of 2014 was also marked by major developments with the upcoming entry of La Caixa
Group into our capital in exchange for the acquisition of the remaining 24.14% stake in Agbar, the
increase in our equity interest in ACEA and the strengthening of our positions in industrial water with the
acquisition of Process Group. These transactions show SUEZ ENVIRONNEMENT’s desire to accelerate its
growth.
On the strength of these sound results and promising developments, SUEZ ENVIRONNEMENT reaffirms its
annual targets." 4
