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Suez (company, 2015)

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SUEZ
Company typeSociété Anonyme
Euronext: SEV
IndustryUtilities
PredecessorGaz de France
Suez
Founded22 July 2008
Headquarters
Tour CB21, La Défense
,
France
Key people
Jean-Louis Chaussade (Chairman of the board)
Bertrand Camus (CEO)
ProductsWater management, waste management
Revenue€18,015 billion (2019)
Number of employees
89,352 (end 2019)
WebsiteGlobal Website

Suez (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. Suez is n°1 private water provider worldwide[1].

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.[2] Engie remained the largest shareholder of the company with a 35% stake.[2] On the stock market, Suez Environnement's share jumped 40% in value on its first day.[3]

In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.[4] 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.[5] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.[6]

On October 1, 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [7] and formed a new business unit called Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.

On May 14th, 2019, Bertrand Camus was appointed as Chief Executive Officer of Suez.[8]

Description

The company has its head office in La Défense, Paris.[9]

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

Financial results

Financial results in millions of euros[10] :

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenues 18,015 17,331 15,783 15,322 15,135 14,324 14,644 15,102 14,830 13,869 12,296 12,364
EBITDA 3,220 2,768 2,578 2,651 2,751 2,644 2,520 2,450 2,513 2,339 2,060 2,102
Current operating income 1,208 1,142 1,000 1,102 1,115 1,011 1,184 1,146 1,040 1,025 926 1,059
Net income (group share) 352 335 295 420.3 407.6 417.2 352 251 323 565 403 533

Company governance

As of January 1st, 2020, the Executive Comitee is made up of[11]:

  • Bertrand Camus, Chief Executive Officer
  • Jean-Marc Boursier, Senior Executive VP Group in charge of the France Region and Group Chief Operating Officer;
  • Julian Waldron, Senior Executive VP Group in charge of Finance;
  • Christophe Cros, Senior Executive VP Group in charge of the North America Region and President of the global BU Water Technologies & Solutions (WTS);
  • Ana Giros, Senior Executive VP Group in charge of the APAC (Asia, Australia and India) and AMECA (Africa, Middle East, Central Asia) Regions and Industrial Key accounts;
  • Angel Simon, Senior Executive VP Group in charge of the Southern Europe Region (Spain, Italy/Slovenia, Greece) and Latin America;
  • David Palmer-Jones, Senior Executive VP Group, in charge of the Northern Europe Region (UK, Sweden, Netherlands, Belgium, Germany, Luxembourg, IWS, Poland/Serbia/Central Europe, Czech Republic);
  • Diane Galbe, Senior Executive VP Group in charge of the global Business Unit Smart & Environmental Solutions, Head of Strategy and Shaping SUEZ 2030 Project;
  • Jacques Audibert, Secretary General;
  • Isabelle Calvez, Group Chief Human Resources;
  • Tiphaine Hecketsweiler, Group Chief Engagement and Communications Officer.

Shareholder structure

The largest shareholder in Suez as of 18 October 2019 was Engie with 32.1%. Other major stakes were held by Criteria Caixa (6.0%), Inversiones Los Canelos SPA (3.6%), Caltagirone (3.5%), employees of the company (2.6%), individual shareholders (6%).[12] Some 45.8% of the shares were considered free float.

References

  1. ^ « The world’s top 50 private water operators » (August 2019). "« The world's top 50 private water operators »" (PDF). Global Water Intelligence.{{cite journal}}: CS1 maint: numeric names: authors list (link)
  2. ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22.
  3. ^ "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Retrieved 2019-08-10.
  4. ^ Ghaswalla, Amrita Nair. "Suez Environnement bags three water treatment projects worth ₹505 crore". @businessline. Retrieved 2019-08-10.
  5. ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2019-08-10.
  6. ^ 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.
  7. ^ "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. 2017-03-08. Retrieved 2019-08-10.
  8. ^ "Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019". suez.com. 14 May 2019.{{cite web}}: CS1 maint: url-status (link)
  9. ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  10. ^ "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "Bertrand Camus announces a new organization". suez.com. 2 December 2019.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Capital structure". suez.com. Suez. 18 October 2019. Retrieved 18 March 2020.{{cite web}}: CS1 maint: url-status (link)
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