Suez: EBIT margin up slightly in Q1
(CercleFinance.com) - Suez today announces Q1 EBIT at 31 March 2019 of 293 million euros, meaning that its EBIT margin has inched up 0.
1 point to 7%, with quarterly sales of 4,210 million euros, up 3.8% as reported, with organic growth of 3.7%.
"At each division, the strong mobilization of the teams is producing numerous commercial successes and bolstering business activity," said Jean-Louis Chaussade, the utility group's Chairman and CEO.
In line with the expected trajectory, Suez confirms its targets set for FY 2019, including organic sales growth of +2% to 3%, organic growth in EBIT of +4% to 5% and FCF that is up by about +7% to 8%.
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