Suez: FY 2018 net income up 13%
(CercleFinance.com) - Suez reports 2018 net income, group share that is up 13.
4% at 335 million euros, or 0.47 euro per share, and will propose a dividend of 0.65 euro per share at its AGM on 14 May.
The utilities group exceeded its annual targets, with revenues of 17,331 million euros and EBIT of 1,335 million euros, up 11.9% and 11.5% respectively at constant exchange rates. Free cash flow exceeded one billion euros.
For 2019, Suez expects organic sales growth of +2% to 3% and EBIT of +4% to 5%, with FCF rising by +7% to 8%. It also intends to propose a dividend of 0.65 euro at its AGM of May 2020.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% at 335 million euros, or 0.47 euro per share, and will propose a dividend of 0.65 euro per share at its AGM on 14 May.
The utilities group exceeded its annual targets, with revenues of 17,331 million euros and EBIT of 1,335 million euros, up 11.9% and 11.5% respectively at constant exchange rates. Free cash flow exceeded one billion euros.
For 2019, Suez expects organic sales growth of +2% to 3% and EBIT of +4% to 5%, with FCF rising by +7% to 8%. It also intends to propose a dividend of 0.65 euro at its AGM of May 2020.
Copyright (c) 2019 CercleFinance.com. All rights reserved.