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SUEZ releases results for the 1st half of 2023 in line with its strategic plan

  • SUEZ releases results for the 1st half of 2023 in line with its strategic plan

About the entity

SUEZ
As an expert in water and waste for 150 years that is present on the 5 continents, SUEZ harnesses all its capacity for innovation to work for the efficient and sustainable management of resources.

Themes

As of 30th June 2023, the Group's overall revenues stand at €4.371 billion compared to €3.079 billion in H1 20221. EBITDA is €0.634 billion, compared to €0.507 billion in H1 20221.

The breakdown of revenues and EBITDA by division is as follows:

Net debt amounts to €5.024 billion, compared with €4.598 billion for the end of 2022. This change mainly relates to the payment to Veolia of the post-closing earn-out and price adjustment related to the acquisition of the new SUEZ activities as of 31st January 2022.

The results for the first half of 2023, in a context of significant inflation, demonstrate the dynamism and resilience of the Group's activities.

They also include three acquisitions, SUEZ Recycling & Recovery2, IWS3 and EnviroServ4, as well as new contracts including:

  • the construction and operation of the wastewater treatment and recovery complex of the Nice Côte d'Azur Haliotis 2 Metropolis, in France (contract worth €700 million);
  • the engineering, procurement management and construction contract for Wanhua Chemical Group's reverse osmosis seawater desalination plant in Penglai, China;
  • the operation of the public service of collective sanitation of the governorates of Sfax, Gabes, Medenine and Tataouine, in Tunisia (total value of €200 million);
  • the operating contract for the Lunel-Viel Energy Recovery Unit in France.

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