Suez: expects H2 EBIT of E600-650m
(CercleFinance.com) - On Wednesday evening Suez announced H1 results that are better than previously indicated, with sales down 4.
5% organically compared to the same period in 2019.
Revenues for the first six months of the year totalled 8.2 billion euros. Meanwhile, EBIT exceeded the group's expectations, at 76 million euros.
H2 2020 revenues are expected to decline organically by -4% to -2% vs. H2 2019. EBIT for H2 2020 is estimated at around 600-650 million euros, the group said regarding its outlook.
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