Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Suez Environnement    SEV   FR0010613471

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Suez Environnement : French group Suez says Brexit could boost its UK waste business

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/30/2017 | 10:08am CEST

Brexit could have a positive effect on the UK business of French utility Suez (>> Suez Environnement) as it could benefit Suez's waste management activities in Britain, a leading Suez executive said on Thursday.

Brexit could have a positive effect on the UK business of French utility Suez (>> Suez Environnement) as it could benefit Suez's waste management activities in Britain, a leading Suez executive said on Thursday.

Jean-Marc Boursier, joint chief executive for Suez's European recycling and recovery business, said Britain would look to handle more of its waste management within the UK post-Brexit, which could boost Suez's business in that area.

"We are convinced it should lead to more opportunities for Suez in the years to come, which should allow us to continue to increase our footprint in the UK, and we will look to build some fine factories in the coming years," Boursier told Reuters.

Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.

"Speaking as a citizen who is committed to this continent, I regret their decision, but speaking as a Suez manager, it will no doubt have a positive impact on our business in Great Britain," added Boursier.

Earlier this month, Suez sealed a 3.2 billion euro (2.77 billion pounds) acquisition of GE Water from General Electric (>> General Electric Company), in a deal which the company hopes will help to offset pressure on its margins in Europe.

(Reporting by Benjamin Mallet; Writing by Sudip Kar-Gupta; Editing by Adrian Croft)

By Benjamin Mallet

Stocks treated in this article : General Electric Company, Suez Environnement
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUEZ ENVIRONNEMENT
05/15 SUEZ ENVIRONNEMENT : ex-dividend day for annual dividend
05/10 L'OREAL : Suez and l'oreal sign a global memorandum of understanding on environm..
05/09 French outbound M&A driven to decade high by big deals
04/26 SUEZ ENVIRONNEMENT : Icon News SUEZ strengthens its position in the production o..
04/11 SOLVAY : and SUEZ form an Alliance to offer new solutions for the treatment of w..
04/10 SUEZ ENVIRONNEMENT : Appointments within the SUEZ Group
03/30 SUEZ ENVIRONNEMENT : French group Suez says Brexit could boost its UK waste busi..
03/29 SUEZ ENVIRONNEMENT : steps up the collection and river transport of waste in urb..
03/08DJGENERAL ELECTRIC : to Sell Water Unit to France's Suez, Canadian Pension Fund --..
03/08 Suez targets industrial water with $3.4 billion GE Water deal
More news
Sector news : Waste Management, Disposal & Recycling Services
02/16DJREPUBLIC SERVICES : Posts Quarterly Profit Increase as Sales Climb
02/16DJWASTE MANAGEMENT : Revenue Climbs; Earnings Miss Target
2016DJWASTE MANAGEMENT : Business Watch -- WSJ
2016DJWASTE MANAGEMENT : Names James Fish CEO
2016DJWASTE MANAGEMENT : Names James Fish CEO
More sector news : Waste Management, Disposal & Recycling Services
News from SeekingAlpha
05/23 Mergers And Acquisitions - Capturing The Gain (Of Acquirees)
05/14 Suez's (SZEVF) CEO Christophe Cros on Q1 2017 Results - Earnings Call Transcr..
05/10 Suez SA reports Q1 results
03/08 GE High And Dry
03/08 Suez buys GE Water in ?3.2B deal
Advertisement
Financials (€)
Sales 2017 16 199 M
EBIT 2017 1 346 M
Net income 2017 458 M
Debt 2017 7 434 M
Yield 2017 3,99%
P/E ratio 2017 20,53
P/E ratio 2018 16,92
EV / Sales 2017 1,08x
EV / Sales 2018 1,01x
Capitalization 10 060 M
More Financials
Chart SUEZ ENVIRONNEMENT
Duration : Period :
Suez Environnement Technical Analysis Chart | SEV | FR0010613471 | 4-Traders
Full-screen chart
Technical analysis trends SUEZ ENVIRONNEMENT
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 17,0 €
Spread / Average Target 3,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Louis Chaussade Chief Executive Officer & Director
Gérard Mestrallet Chairman
Christophe Cros Group Director-Finance & Group Deputy CEO
Paul-Joël Derian Group Scientific & Technology Director
Lorenz d'Este Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUEZ ENVIRONNEMENT17.02%11 249
WASTE CONNECTIONS INC18.04%16 062
BEIJING ORIGINWATER TE..--.--%8 669
UMICORE10.95%7 462
STERICYCLE INC7.80%7 178
TUS-SOUND ENVIRONMENTA..--.--%4 064
More Results