Suez (company, 2015)

Suez SA (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. The company has its head office in La Défense, Paris.[1] In 2015, all the group's brands became SUEZ.[2]

Not to be confused with Suez Company (1858–1997) or Suez (company, 1997–2008).
Suez S.A.
TypeSociété Anonyme
Euronext Paris: SEV
ISINFR0010613471
IndustryUtilities
PredecessorGaz de France
Suez
Founded22 July 2008
Headquarters
Tour CB21, La Défense
,
France
Key people
Sabrina Soussan (Chairman and CEO)
ProductsWater management, waste management
Revenue€7,5 billion (2021)
Number of employees
35,000 (2022)
WebsiteGlobal Website

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.[3] Engie remained the largest shareholder of the company with a 35% stake.[3] On the stock market, Suez Environnement's share jumped 40% in value on its first day.[4]

In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.[5] 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.[6] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.[7]

On October 1, 2017, Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [8] and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.

On May 14, 2019, Bertrand Camus was appointed as chief executive officer of Suez.[9]

On February 1, 2022, SUEZ begins a new chapter in its history with its acquisition by the Consortium of shareholders and the appointment of a new CEO, Sabrina Soussan.

As of August 1, Sabrina Soussan is appointed chairman and CEO of SUEZ.[10]

Financial results

Financial results in millions of euros:[11]

2019 2018 2017 2016 2015 2014201320122011201020092008
Revenues 18,015 17,331 15,783 15,322 15,135 14,32414,64415,10214,83013,86912,29612,364
EBITDA 3,220 2,768 2,578 2,651 2,751 2,6442,5202,4502,5132,3392,0602,102
Current operating income 1,208 1,142 1,000 1,102 1,115 1,0111,1841,1461,0401,0259261,059
Net income (group share) 352 335 295 420.3 407.6 417.2352251323565403533

Company governance

As of March 10, 2022, the executive committee is made up of:[12]

  • Sabrina Soussan, Chairman[10] and chief executive officer
  • Maximilien Pellegrini, Group Deputy CEO, in charge of France and Italy
  • Frederick Jeske-Schoenhoven, Group SVP Strategy, Communication and Sustainable Development
  • Thomas Devedjian, Group Chief Financial Officer
  • Laurent-Guillaume Guerra, Group Chief Human Resources Officer
  • Philippe Andrau, Group Legal Affairs Officer

Shareholder structure

Breakdown of share capital as of February 1, 2022.

Caption text
Meridiam40%
GIP40%
Caisse des Dépôts et Consignation12%
CNP Assurances8%

See also

References
  1. "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  2. "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2021-12-17.
  3. Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22.
  4. "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Retrieved 2019-08-10.
  5. Ghaswalla, Amrita Nair. "Suez Environnement bags three water treatment projects worth ₹505 crore". @businessline. Retrieved 2019-08-10.
  6. "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2019-08-10.
  7. 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.
  8. De Clercq, Geert (2017-03-08). "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. Retrieved 2019-08-10.
  9. "Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019". suez.com. 14 May 2019.
  10. "Global Water Intelligence". Global Water Intelligence. Retrieved 2022-08-29.
  11. "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.
  12. "SUEZ forms its Executive Committee". suez.com. 2 December 2019.
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