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Suez Environnement reports 'solid' half-year

Sita UK’s parent company Suez Environnement has posted a “solid” performance for the first half of 2014.

Suez logo

Suez logo

The Waste Europe division recorded revenues of €3,137m (£2,482m) for the period, compared to €3,214m in the first half of 2013.

Geographically, the organic change in revenue was only positive in the UK and France, which saw increases of 1.8% and 0.2% respectively. Elsewhere across Europe, organic revenue fell by 0.9% in Benelux and 11.8% in Central Europe.

Suez said that sales across Europe were strong and highlighted new contracts to supply Cemex and energy group RWE in the UK as “achievements” for the waste division.

Total UK revenue for the period stood at €446m compared to €469m in the first six months of 2013.

Group-wide revenue, which includes the performance of Suez’s domestic and international water businesses, dropped 2.1% to €6,891m.

Chief executive Jean-Louis Chaussade said: “Suez Environnement has posted solid performance in the first half of the year, in line with annual set objectives. The Water Europe division is growing strongly, benefiting from very significant increases in prices and volumes.

“Waste Europe activities are steady in a very uneven industrial production country by country in Europe.”

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