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Research Tree provides access to ongoing research coverage, media content and regulatory news on SUEZ ENVIRONNEMENT CO. We currently have 9 research reports from 1 professional analysts.
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SUEZ ENVIRONNEMENT CO
SUEZ ENVIRONNEMENT CO
FY16 almost in line but rather uninspiring FY17 outlook
01 Mar 17
Suez released its FY16 results. Sales reached €15,322m (+1.3% and +1.1% organic), EBITDA €2,651m (-3.6%, -0.1% organic), EBIT €1,282m (-7.2%, +0.5% organic), and net income €420m (3.1%). Free cash flow reached €1,005m and net debt at year-end was €8,042m (vs €8,083m a year ago). The dividend proposed is €0.65 (unchanged). In terms of outlook, the group expects a slight increase in revenues and EBIT for FY17, free cash flow at around €1bn, net debt at around 3x EBITDA (as it is now) and a dividend of at least €0.65.
H1 16: not great but Q2 is reassuring
28 Jul 16
Suez released H1 16 results. Revenues reached €7,455m (+2.2%, +2.7% lfl at CER), EBITDA €1,271m (-1.7%), EBIT €598m (-1%) and net income €174m (+23.7%). Net income increased over-propotionately with lower minority interests (buy-out of the Sembista minorities in Australia in H2 15). Net debt at the end of H1 was €8,765m (vs €8,363m in Q1 and €8,083m at year-end 2015) after the payment of the €545m dividend. The forex impact (top-line) was €-116m in H1 (€-43m in Q1).
Q1 16: a bit weak...
28 Apr 16
Suez Q1 16 results: revenues reached €3,555m (+0.5%), EBITDA €574m (-3.9%), EBIT €253m (-4.6%). Net debt at the end of Q1 16 was €8,363m (vs €8,083m in Q4 15). The group reiterated its targets for FY16, i.e. an organic growth in revenue of at least 2%, an over-proportionate growth in organic EBIT and a free cash flow of c. €1bn.
FY15 results unsurprising, no revolution going forward
24 Feb 16
Suez released FY15 results. Sales reached €15,135m (+5.7%), EBITDA €2,751m (+4.1%), EBIT €1,381m (+10.1%), net income €408m (-2%). Free cash flow reached €1,047m and net debt at year-end €8,083m. The dividend proposed is €0.65. The group’s targets are reiterated (organic growth of at least 2% in FY16, EBIT growth higher than top-line growth, FCF of c.€1bn and net debt/EBITDA of c.3x). Longer term, the group targets a €3bn EBITDA level in FY17.
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
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N+1 Singer - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.