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Suez takes advantage of the craze for the environment

2020-02-26T21:09:13.156Z

The French group plans to sell 1.5 to 2 billion euros in assets in 2020.



30 to 40 million euros of negative impact on the operating profit for the year 2020: these are the consequences of the coronavirus estimated by Suez today. This figure takes into account a gradual recovery of the Chinese economy. "The Chinese authorities are pushing in this direction ," explains Bertrand Camus, CEO of Suez. Six of our industrial incinerators are being restarted today ” . This figure of 30 to 40 million euros is significant for the French giant of environmental services, since it represents 40 to 45% of the expected increase in operating profit for 2020 without this health crisis. An element that probably explains the decline that the title suffered during the session of February 26 (- 0.65%).

There is a sense of urgency in the face of climate issues

Bertrand Camus, CEO of Suez

This decline does not however call into question the upward movement which Suez has enjoyed for several months. Over one year, the title has increased by 34%! Investors appreciate the importance of the group's businesses - water treatment and

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Source: lefigaro

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