Suez: Q1 sales pretty flat
(CercleFinance.com) - Utilities group Suez has announced Q1 sales of 4.
2 billion euros, down just 0.3% as reported, although up 0.5% in organic terms, despite the initial impact of the Covid-19 outbreak.
EBITDA reached 676 million euros, down 1.5% in organic terms, while EBIT was 231 million euros, down 14.9% in organic terms, with Covid-19 having an estimated -60 million euro impact on EBITDA and EBIT.
Suez's net debt stood at 10.4 billion euros at 31 March 2020, up 35 million euros compared to 31 March 2019. Its debt ratio thus stood at 3.26x EBITDA over 12 rolling months.
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