SHANGHAI, Feb. 26, 2016 /PRNewswire/ --
2015 performance:
2016 Outlook:
Medium-term outlook:
The Board of Directors, which met on February 23, 2016, approved SUEZ's 2015 financial statements, which will be submitted for the approval of the Annual General Meeting on April 28, 2016. The consolidated financial statements have been audited and certified by the statutory auditors. Commenting on these results, Jean-Louis Chaussade, CEO, stated:
"SUEZ delivered another strong performance in 2015. Revenue grew by 5.7%, EBIT margin rose by 0.4 point and free cash flow exceeded EUR1bn. This demonstrates the robustness of our business model and our ability to adapt in a volatile and mixed environment. The success of the single brand, supporting a more integrated group, shows the outstanding mobilization of all the teams in order to meet and even exceed the targets we had set."
"We thus accelerated the implementation of our diversified and balanced portfolio strategy, which enabled us to consolidate our targeted positions abroad, develop our initiatives for industrial customers and optimize the structure of our Recycling and Recovery Europe activities."
| 1 Subject to the approval of the 2016 Annual General Meeting |
| 2 Excluding the impact of the exceptional summer volume effect in Water Europe for EUR20m; based on stable industrial production in Europe in 2016 and stable commodity prices relative to the budget assumptions |
| 3 Subject to the approval of the 2017 Annual General Meeting |
| 4 Based on improved macro-economic recovery in Europe in 2017, at mid-February 2015 exchange rate and unchanged accounting & tax norms as of Jan. 1st 2015 |
SUEZ
We are at the dawn of the resource revolution. In a world facing high demographic growth, runaway urbanisation and the shortage of natural resources, securing, optimising and renewing resources is essential to our future. SUEZ (Paris: SEV, Brussels: SEVB) supplies drinking water to 92 million people, delivers wasterwater treatment services to 65 million, collects waste produced by almost 50 million, recovers 14 million tons of waster each year and produces 5,138 GWh of local and renewable energy. With 80,990 employees, SUEZ, which is present on all five continents, is a key player in the sustainable management of resources. SUEZ generated total revenues of EUR14.3 billion in 2014.
