Suez (company, 2015)
{{Short description|French water treatment & waste management company}}
{{distinguish|Suez Company (1858–1997)|Suez (company, 1997–2008)}}
{{Expand language|topic=|langcode=fr|otherarticle=Suez (entreprise, 2015)|date=January 2022}}
{{Infobox company
| name = Suez S.A.
| logo = Suez_logo.svg
| type = Société Anonyme
| image_caption = Suez headquarters in La Défense, Paris
| ISIN = FR0010613471
| location_city = Altiplano, 4, place de la Pyramide La Défense
| location_country = France
| foundation = 22 July 2008
| industry = Utilities
| predecessor = Gaz de France
Suez
| products = Water management, waste management
| revenue = €9 billion (2022)
| num_employees = 40,000 (2022)
| key_people = {{Unbulleted list|Pierre Pauliac|Yves Rannou}}
| homepage = [https://www.suez.com Global Website]
| owner =
}}
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."[http://www.suez-environnement.com/en/homepage/usefull-links/legal-notice/legal-notice/#ref=footer Legal notice]." Suez Environnement. Retrieved on 7 July 2010. In 2015, all the group's brands became SUEZ.{{Cite web|title=SUEZ environnement becomes SUEZ|url=https://resource.co/article/suez-environnement-becomes-suez-10334|access-date=2021-12-17|website=Resource Magazine|language=en}}
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.{{cite news|url=http://uk.reuters.com/article/hotStocksNews/idUKL2212286520080722|archive-url=https://web.archive.org/web/20090610224222/http://uk.reuters.com/article/hotStocksNews/idUKL2212286520080722|url-status=dead|archive-date=June 10, 2009|title=Suez Environnement gushes on Paris market debut|last=Maitre|first=Marie|date=22 July 2008|work=Reuters|access-date=2008-07-22}} Engie remained the largest shareholder of the company with a 35% stake. On the stock market, Suez Environnement's share jumped 40% in value on its first day.{{Cite news|url=https://uk.reuters.com/article/gdfsuez-shares-idUKL2212286520080722|archive-url=https://web.archive.org/web/20160121180710/http://uk.reuters.com/article/gdfsuez-shares-idUKL2212286520080722|url-status=dead|archive-date=January 21, 2016|title=UPDATE 1-Suez Environnement gushes on Paris market debut|date=2008-07-22|work=Reuters|access-date=2019-08-10|language=en}}
In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.{{Cite web|url=https://www.thehindubusinessline.com/companies/Suez-Environnement-bags-three-water-treatment-projects-worth-%E2%82%B9505-crore/article20749839.ece|title=Suez Environnement bags three water treatment projects worth ₹505 crore|last=Ghaswalla|first=Amrita Nair|website=@businessline|date=8 April 2014 |language=en|access-date=2019-08-10}} 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.{{Cite web|url=https://resource.co/article/suez-environnement-becomes-suez-10334|title=SUEZ environnement becomes SUEZ|website=Resource Magazine|language=en|access-date=2019-08-10}} In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.{{Cite web|url=https://www.smh.com.au/business/suez-environnement-buys-sembcorp-out-of-aussie-waste-jv-for-485m-20150921-gjre07.html|title=France's Suez buys Sembcorp out of Australian waste joint venture for $485m|last=Binsted|first=Tim|date=2015-09-21|website=The Sydney Morning Herald|language=en|access-date=2019-08-10}}
On 1 October 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars {{Cite news|url=https://www.reuters.com/article/us-suez-ge-idUSKBN16F26G |title=Suez targets industrial water with $3.4 billion GE Water deal |last=De Clercq |first=Geert |date=2017-03-08 |work=Reuters |access-date=2019-08-10}} 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.{{Cite web|url=https://www.suez.com/en/news/press-releases/adoption-of-all-the-resolutions-by-the-shareholder-s-meeting-of-may-14th-2019|title=Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019|date=14 May 2019|website=suez.com}}
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.{{Cite web |title=Global Water Intelligence |url=https://www.globalwaterintel.com/ |access-date=2022-08-29 |website=Global Water Intelligence}}
Financial results
Financial results in millions of euros:{{Cite web|url=https://www.suez.com/-/media/suez-global/files/publication-docs/pdf-english/finance/suez-2019-financial-consolidated-statements-en.pdf|title=Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018|date=26 February 2020|website=suez.com}}
| class="wikitable" | ||||||
| !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
Key figures for the group in 2022:{{Cite web |title=SUEZ Group, About us |url=https://www.suez.com/en/about-us/group |access-date=17 April 2023}}
- 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
As of 5 March 2025 the executive committee is made up of:{{cite web |date= |title=Governance - SUEZ Group |url=https://www.suez.com/en/group/governance |access-date=March 5, 2025 |website=suez.com}}
- Pierre Pauliac, Interim Co-CEO & Chief Operating Officer Water
- Yves Rannou, Interim Co-CEO & Chief Operating Officer Recycling & Recovery
- Kathleen Wantz-O'Rourke, Group Chief Financial Officer, Executive Vice-President
- Laurent-Guillaume Guerra, Chief Human Resources Officer & Head of Health & Safety, Executive Vice-President
- Stéphanie Cau, Chief Communication, Sustainability & Public Affairs, Executive Vice-President
- Anne-Sophie Le Lay, Group General Counsel, Executive Vice-President
Shareholder structure
Breakdown of share capital as of 11 January 2023.
| class="wikitable"
|+ Caption text | |
| Meridiam | 39% |
| GIP | 39% |
| Caisse des Dépôts et Consignation / CNP Assurances | 19% |
| Employees | 3% |
References
{{Reflist}}
External links
- {{official website|http://www.suez.com/}}
{{Authority control}}
Category:Waste management companies of France
Category:Water companies of France
Category:French companies established in 2008
Category:Waste companies established in 2008