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Suez (company, 2015)

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Not to be confused with Suez Company (1858–1997) or Suez (company, 1997–2008).
Suez S.A.
Company typeSociété Anonyme
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€9 billion (2022)
Number of employees
40,000 (2022)
WebsiteGlobal Website

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]

History

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

On 1 February 2022 SUEZ began 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 1 August Sabrina Soussan was appointed chairman and CEO of SUEZ.[10]

Financial results

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Financial results in millions of euros:[11]

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

Main key figures

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Key figures for the group in 2022:[12]

  • revenue: €9 billion;
  • 40,000 employees;
  • 68 million people worldwide benefit from drinking water
  • more than 37 million people worldwide benefit from sanitation
  • 3.7 TWh of energy produced from waste and wastewater
  • 4 million tons of CO2 avoided
  • more than 150 researchers dedicated to R&D and innovation
  • 9 technical and innovation centers and R&D centers in Europe and Asia

Company governance

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As of 30 March 2023 the executive committee is made up of:[13]

  • Sabrina Soussan, Chairman[10] and chief executive officer (until January 2025)[14]
  • Pierre Pauliac, Chief Operating Officer Water, Executive Vice-President
  • Yves Rannou, Chief Operating Officer Recycling & Recovery, Executive Vice-President (as of summer 2023)
  • Jörg Linsenmaier, Executive Vice-President Engineering & Construction (as of 2 May 2023)
  • n.n., Group Chief Financial Officer*, Executive Vice-President (* Florent Duval, Interim CFO)
  • Laurent-Guillaume Guerra, Chief Human Resources Officer & Head of Health & Safety, Executive Vice-President
  • Frederick Jeske-Schoenhoven, Chief Strategy & Sustainability Officer, Executive Vice-President
  • Anne-Sophie Le Lay, Group General Counsel, Executive Vice-President

Shareholder structure

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Breakdown of share capital as of 11 January 2023.

Caption text
Meridiam 39%
GIP 39%
Caisse des Dépôts et Consignation / CNP Assurances 19%
Employees 3%

References

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  1. ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
  2. ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2021-12-17.
  3. ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Archived from the original on June 10, 2009. Retrieved 2008-07-22.
  4. ^ "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Archived from the original on January 21, 2016. Retrieved 2019-08-10.
  5. ^ Ghaswalla, Amrita Nair (8 April 2014). "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. ^ a b "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 Group, About us". Retrieved 17 April 2023.
  13. ^ "Thomas Devedjian to leave his position as CFO of SUEZ". suez.com. 15 November 2023. Retrieved 15 November 2023.
  14. ^ https://www.lesechos.fr/industrie-services/energie-environnement/sabrina-soussan-debarquee-de-la-direction-de-suez-2136754
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