Suez Environnement
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| Type | Société Anonyme |
|---|---|
| Traded as | Euronext: SEV |
| Industry | Utilities |
| 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. (Euronext: SEV) 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]
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[edit] Activities
Suez Environnement operates in the water distribution and wastewater treatment industries, and in the waste management industry.
[edit] Water
The Suez Environnement Group’s water-related activities include:
- The production and distribution of drinking water
- The treatment of waste water
- Design and manufacture of water treatment plants
- Management of domestic and industrial waste water
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.
[edit] Waste management
Suez Environnement also:
- Sorts and processes household, industrial, medical and agricultural waste
- Recycles and incinerates waste products or disposes of them in managed landfill sites
- Sanitises and de-pollutes contaminated ground
[edit] Sustainable development
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.
[edit] Financial results
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.
[edit] Subsidiaries and holdings
- Aguas de Barcelona — Spanish water treatment and distribution company (75,1% stake)
- Aquasystems – waste water treatment in Slovenia
- 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 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
- Eurawasser – water treatment subsidiary in Germany
- 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
- 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
- Swire 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
[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.
[edit] References
- ^ a b c d e f g "Annual Results 2010". Suez Environnement. http://www.suez-environnement.com/document/?f=news/en/cp_suez_environnement_fy_2010_va.pdf. Retrieved 10 February 2011.
- ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. http://uk.reuters.com/article/hotStocksNews/idUKL2212286520080722. Retrieved 2008-07-22.
- ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
- ^ 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.
- ^ Suez Environnement: 2009 Sustainable development brochure http://www.suez-environnement.com/en/profile/corporate-publications/corporate-publications/ Retrieved 2010-06-30.
- ^ "Capital structure". Suez Environnement. http://www.suez-environnement.com/en/finance/shares/capital-structure/capital-structure/. Retrieved 10 February 2011.
[edit] External links
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