Suez: strategic 'Suez 2030' plan on track
(CercleFinance.com) - Suez has announced that the results of its “Suez 2030” Strategic Plan are ahead of schedule.
It confirms the group's potential for value creation.
"The asset rotation program is well advanced, with the first wave completed and the second wave in advanced discussions, and at stronger valuation levels than initially targeted as part of SUEZ 2030 plan. The performance program is now aiming for E1.2bn in annual savings by 2023, of which E900m to be achieved by 2022. Finally, SUEZ reaffirms its commitment to expanding employee shareholding over the next two years," management said.
"Suez is able to provide visibility on its financial trajectory for 2021 and 2022 as follows: Revenues seen above E16bn in 20211 and above E17bn in 20221; EBIT targeted between E1.35 and E1.50bn in 2021 and at around E1.7bn in 2022. Recurring EPS targeted at between E0.75 and E0.80 in 2021 and E0.90 and E1.0 in 2022," the group adds.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
It confirms the group's potential for value creation.
"The asset rotation program is well advanced, with the first wave completed and the second wave in advanced discussions, and at stronger valuation levels than initially targeted as part of SUEZ 2030 plan. The performance program is now aiming for E1.2bn in annual savings by 2023, of which E900m to be achieved by 2022. Finally, SUEZ reaffirms its commitment to expanding employee shareholding over the next two years," management said.
"Suez is able to provide visibility on its financial trajectory for 2021 and 2022 as follows: Revenues seen above E16bn in 20211 and above E17bn in 20221; EBIT targeted between E1.35 and E1.50bn in 2021 and at around E1.7bn in 2022. Recurring EPS targeted at between E0.75 and E0.80 in 2021 and E0.90 and E1.0 in 2022," the group adds.
Copyright (c) 2020 CercleFinance.com. All rights reserved.