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

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

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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
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Financials (€)
Sales 2017 16 399 M
EBIT 2017 1 383 M
Net income 2017 441 M
Debt 2017 7 710 M
Yield 2017 4,04%
P/E ratio 2017 21,62
P/E ratio 2018 17,07
EV / Sales 2017 1,07x
EV / Sales 2018 0,99x
Capitalization 9 906 M
Chart SUEZ ENVIRONNEMENT
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Suez Environnement Technical Analysis Chart | SEV | FR0010613471 | 4-Traders
Technical analysis trends SUEZ ENVIRONNEMENT
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 17,7 €
Spread / Average Target 9,4%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
SUEZ ENVIRONNEMENT15.23%11 523
WASTE CONNECTIONS INC-23.82%16 891
UMICORE21.70%8 586
BEIJING ORIGINWATER TECHNOLOGY CO.,LTD.--.--%7 889
STERICYCLE INC-1.09%6 536
TUS-SOUND ENVIRONMENTAL RESOURCES CO LTD--.--%4 155