Suez Environnement

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Suez Environnement S.A.
Type Société Anonyme
Traded as EuronextSEV
Industry Utilities
Predecessors Gaz de France
Suez
Founded 22 July 2008
Headquarters Tour CB21, La Défense, France
Key people Gérard Mestrallet (Chairman), Jean-Louis Chaussade (CEO)
Products Water treatment, waste management
Revenue 13.87 billion (2010)[1]
Operating income €1.221 billion (2010)[1]
Profit €565 million (2010)[1]
Total assets €25.93 billion (end 2010)[1]
Total equity €6.627 billion (end 2010)[1]
Employees 79,550 (end 2010)[1]
Website suez-environnement.com

Suez Environnement S.A. (EuronextSEV) is a French-based utility company which operates largely in the water treatment and waste management sectors. 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.[2] GDF Suez remains the largest shareholder of the company with a 35% stake.[2] Suez Environnement shares are listed on the Euronext exchanges in Paris and Brussels. The company has its head office in the 8th arrondissement of Paris.[3]

Activities[edit]

Suez Environnement operates in the water distribution and wastewater treatment industries, and in the waste management industry.

Water[edit]

The Suez Environnement Group’s water-related activities include:

Suez Environnement also operates in the desalination domain. The company organises its activities around a number of themes, including coastline protection, the provision of water to those without access, the distribution of water from alternative sources, the management of industrial impacts and the decontamination of soils.

Waste management[edit]

Suez Environnement also:

Sustainable development[edit]

The company has participated in several flagship projects, including a joint venture between Renault and SITA France (a Suez Environnement subsidiary) which seeks to achieve 95% reclamation of all vehicle car parts by 2015, and Lyonnaise des Eaux’s successful 12 million cubic metres water savings in 2006.[4] On the whole, indicators of this plan have been positive. The company has noted:[5]

  • An increase in recovery rate of treated waste by nearly 2% from 2006 to 2009, meaning 12.8 million tons of “secondary raw materials” and compost were produced in 2009
  • A decrease in direct and indirect greenhouse gas emissions from 6.07 MT CO² eq. in 2006 to 5.88 in 2009
  • An increase in production of useful sustainable energy – from 2,070 GWh in 2006 to 2,500 in 2009

In recent years, the Group has been called to answer general criticisms regarding the privatisation of water distribution utilities and associated price increases, with apparently detrimental effects on the poor. The Group has responded that its investments and service provision have improved water quality and increased accessibility to water sources for people in the zones where it operates.

Financial results[edit]

Financial results in millions of euros:

2010 2009 2008
Revenues 13,869 12,296 12,364
EBITDA 2,339 2,060 2,102
Current operating income 1,025 926 1,059
Net income (group share) 565 403 533

The Suez Environnement 2010 financial results were released on 9 February 2011. Revenues were up almost 13% on the previous year. The net result Group share (profit) was reported at €565 million, or €1.15 per share.[1] EBITDA was recorded at €2,339 million, up 13.6% on the previous year.

Subsidiaries and holdings[edit]

  • Aguas de Barcelona – Spanish water treatment and distribution company (75,1% stake)
  • Aquasystems – waste water treatment in Slovenia
  • Anderson Water Systems – industrial water systems and services, based in Canada
  • Australia Water Services – water treatment services delivered through the Degrémont subsidiary to customers in Australia and New Zealand
  • Bal-Ondeo – water treatment services in Mexico
  • China – comprising Sino French Holdings and Sino French Water; SITA Waste Services Limited and Degrémont
  • Cirsee – the main centre for research within Suez Environnement
  • Degrémont – water and waste water treatment engineering
  • DHC-Aguakan – part-owned by Bal-Ondeo and Suez Environnement
  • Fairtec – developer of waste management engineering solutions in France
  • Lyonnaise des Eaux – water provision and waste water treatment in France
  • Lydec – water treatment specialists, Morocco
  • Macao Water – water treatment in Macao
  • Novergie – a subsidiary of Sita, and a specialist in incineration and energy exploitation from household waste
  • Ondeo IS – specialist in the provision of water cycle services to industry
  • Ondeo Italia – water cycle management in Italy
  • Ondeo Services Ceska Republica – water treatment services, Czech Republic
  • Ondeo Services Hungary Ltd – water treatment services, Hungary
  • PAM Lyonnaise Jaya (PALYJA) - water treatment services, Jakarta, Indonesia
  • Pecsi Vizmu - Hungary
  • Sino French Water Development – water production, full services, municipal sewage treatment, industrial water treatment services in China
  • Sita – recycling and resource management, with subsidiaries in Belgium, the Czech Republic, Germany, Finland, France, the Netherlands, Poland, Slovenia, Sweden and the UK.
  • Safege – water and environmental engineering consultancy
  • Sita
  • Sita Remediation – specialist in the treatment of polluted ground
  • Teris – treatment of hazardous industrial waste and polluted ground, France
  • Terralys – specialist in re-use and biological treatment of organic waste
  • Trashco – waste management in the United Arab Emirates
  • United Water – water treatment in the United States

Shareholder structure[edit]

The largest shareholder in Suez Environnement as of 31 December 2010 is GDF Suez with around 35.4%. Other major stakes are held by Groupe Bruxelles Lambert (7.1%), employees of the company (0.9%), Caisse des Dépôts et Consignations (2.0%), Areva (1.4%), CNP Assurances (1.3%), and Sofina (0.8%).[6] Some 52% of the shares are considered free float.

References[edit]

  1. ^ a b c d e f g "Annual Results 2010". Suez Environnement. Retrieved 10 February 2011. 
  2. ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22. 
  3. ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  4. ^ Suez Environnement: http://www.suez-environnement.com/en/sustainable-development/actions/save-resources-and-encourage-a-circular-economy/conserve-natural-resources-and-promote-the-circular-economy/ Retrieved 2010-05-31.
  5. ^ Suez Environnement: 2009 Sustainable development brochure http://www.suez-environnement.com/en/profile/corporate-publications/corporate-publications/ Retrieved 2010-06-30.
  6. ^ "Capital structure". Suez Environnement. Retrieved 10 February 2011. 

External links[edit]