Suez Environnement

Last updated
SUEZ
Type Société Anonyme
Euronext:  SEV
Industry Utilities
Predecessor Gaz de France
Suez
Founded22 July 2008
Headquarters,
Key people
Philippe Varin (Chairman of the board)
Bertrand Camus (CEO) [1]
Products Water management, waste management
Revenue 17,2 billion (2020)
Number of employees
86,195 (2020)
Website Global Website

Suez (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. Suez is the largest private water provider worldwide, by number of people served. [2]

Contents

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 (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.

On May 14, 2019, Bertrand Camus was appointed as Chief Executive Officer of Suez. [9]

Description

The company has its head office in La Défense, Paris. [10]

In 2015, all the group's brands became Suez.

Financial results

Financial results in millions of euros: [11]

201920182017201620152014201320122011201020092008
Revenues 18,01517,33115,78315,32215,13514,32414,64415,10214,83013,86912,29612,364
EBITDA 3,2202,7682,5782,6512,7512,6442,5202,4502,5132,3392,0602,102
Current operating income1,2081,1421,0001,1021,1151,0111,1841,1461,0401,0259261,059
Net income (group share)352335295420.3407.6417.2352251323565403533

Company governance

As of January 1, 2020, the Executive Committee is made up of: [12]

Shareholder structure

Breakdown of share capital as of December 31, 2020.

Caption text
Veolia29,89%
Criteria Caixa5,91%
Caltagirone0,29%
SUEZ employees3,96%
Engie1,82%
Treasury shares0,03%
Institutions58,10%

See also

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References

  1. "SUEZ Group, Board of Directors and Committees" . Retrieved 28 December 2020.
  2. « The world’s top 50 private water operators » (August 2019). "" The world's top 50 private water operators "" (PDF). Global Water Intelligence.
  3. 1 2 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. De Clercq, Geert (2017-03-08). "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. Retrieved 2019-08-10.
  9. "Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019". suez.com. 14 May 2019.
  10. "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  11. "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.
  12. "Bertrand Camus announces a new organization". suez.com. 2 December 2019.