Solid performance: all 2014 targets achieved
Strong increase in net result group share: €417M, +18.5%
Net investments up by +42%
Accelerating growth in 2015-2017
Commenting on these results, Jean-Louis Chaussade, CEO, stated: “Suez Environnement’s results are making strong progress. They demonstrate once again the robustness and relevance of the Group’s industrial model. The Group achieved all its targets, despite an economic climate that remains difficult for Waste Europe activities.”
Main 2014 results
The Group generated revenues of €14,324m as at 31 December 2014, stable (+€1m) compared with 31 December 2013.
- Operating performance
EBITDA amounted to €2,644m in 2014, a gross increase of +4.3% (+€109m) and a strong rise at constant exchange rates of +7.1%. This includes the capital gain on the disposal of CEM for €129m, which contributes to scope impact.
- Net result Group share: +18.5%
Net Income Group share amounted to €417m in 2014, a strong +18.5% increase compared with 2013. The earnings per share rose from €0.65 to €0.71 (+10.4%), while the number of shares grewwith the implementation of a second employee shareholding scheme and the capital increase reserved to La Caixa Group.
- Free Cash Flow and Balance Sheet
Free cash flow amounted to €1,093m, in line with the Group’s targets, compared with €975m in 2013 (+12.1%). Due to the mobilisation of the whole Group, the working capital requirement and liquidity generation improved considerably in the second half of 2014.
Net investments rose to €1,318m, an increase of +42%. Reflecting the Group’s goal of accelerating its development and its future growth, 2014 was marked by a recovery of financial investment which amounted to €498m.
Positions strengthened by major commercial successes
An appointment with innovation
Suez Environnement continued to innovate in 2014 in order to consolidate the performance of its four strategic priorities.
With regard to new services, Suez Environnement developed tailored solutions for local authorities and industrial users. In June 2014, the Group presented its new Advanced Solutions range, designed to optimise network performance. The INFLUX solution for rainwater management and anticipating flood risks has already been deployed in large cities such as Bordeaux and Greater Paris via the SIAAP. The year was also marked by the inauguration of VISIO, the first 360° real-time water service control centre, in Rillieux-la-Pape (Rhône-Alpes). The system should be deployed throughout France by the end of 2015.
We should also note that the milestone of 2,000,000 smart meters sold by Suez Environnement in France, Spain, Italy and Malta has now been passed. This makes the Group the European leader in long-range remote meter reading.
While maintaining a strong presence in waste collection and management, Suez Environnement has also continued its progress towards recovery. The Group has positioned itself as a major producer of renewable energy and secondary raw materials.
In 2014, the Group strengthened its position as an energy producer by opening the ROBIN plant (€102m, 15 years), producing green, local energy from waste to supply the 15 industrial companies at the Roussillon chemical platform. Another key installation involves Mars Chocolate France (Haguenau), where the energy generated from municipal waste now produces green, local steam used to power production lines for M&M’s chocolate sweets.
To have more details on the results click on the press release and the infographic below.