Suez: Q3 sales pretty flat
(CercleFinance.com) - Suez has reported Q3 sales of 4.
39 billion euros, up a fraction (+0.4%) in organic terms compared to Q3 2019.
Over the period, EBIT reached 336 million euros.
Over the first nine months, sales reached 12.56 billion euros, for an EBIT of 413 million euros.
Suez expects H2 sales to fall by around -4% to -2% compared to H2 2019.
Given the rigorous execution of the Suez 2030 strategic plan, which has resulted in Q3 results exceeeding initial estimates (in ogranic sales growth and profitability), the group has confirmed its targets for sales and EBIT for H2.
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39 billion euros, up a fraction (+0.4%) in organic terms compared to Q3 2019.
Over the period, EBIT reached 336 million euros.
Over the first nine months, sales reached 12.56 billion euros, for an EBIT of 413 million euros.
Suez expects H2 sales to fall by around -4% to -2% compared to H2 2019.
Given the rigorous execution of the Suez 2030 strategic plan, which has resulted in Q3 results exceeeding initial estimates (in ogranic sales growth and profitability), the group has confirmed its targets for sales and EBIT for H2.
Copyright (c) 2020 CercleFinance.com. All rights reserved.