Suez Environnement


Suez is a French-based utility company which operates largely in the water and waste management sectors. Suez is n°1 private water provider worldwide.

History

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 on 22 July 2008. Engie remained the largest shareholder of the company with a 35% stake. On the stock market, Suez Environnement's share jumped 40% in value on its first day.
In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros. 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. In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.
On October 1, 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars and formed a new business unit called Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.
On May 14th, 2019, Bertrand Camus was appointed as Chief Executive Officer of Suez.

Description

The company has its head office in La Défense, Paris.
In 2015, all the group's brands became Suez.

Financial results

Financial results in millions of euros :
201920182017201620152014201320122011201020092008
Revenues18,01517,33115,78315,32215,13514,32414,64415,10214,83013,86912,29612,364
EBITDA3,2202,7682,5782,6512,7512,6442,5202,4502,5132,3392,0602,102
Current operating income1,2081,1421,0001,1021,1151,0111,1841,1461,0401,0259261,059
Net income 352335295420.3407.6417.2352251323565403533

Company governance

As of January 1st, 2020, the Executive Comitee is made up of:
The largest shareholder in Suez as of 18 October 2019 was Engie with 32.1%. Other major stakes were held by Criteria Caixa, Inversiones Los Canelos SPA, Caltagirone, employees of the company, individual shareholders. Some 45.8% of the shares were considered free float.