Suez has decided to surprise investors by publishing on Monday better than expected preliminary results for the second half of 2020. The group welcomes that
"the new restrictive measures to contain the Covid-19 epidemic were not likely to disrupt structurally operations ”
.
The turnover should show a decline of only 1%, while the group expected a decline of 2 to 4%.
This solid activity will enable it to achieve operating income of 670 to 680 million euros, more than its estimate of 600 to 650 million euros.
"These figures testify to the good resilience of our activity",
rejoices Bertrand Camus, the managing director.
Net debt is also moving in the right direction.
It should stand at 9.75 billion euros, down more than 400 million euros compared to December 2019. This decrease is linked to Bertrand Camus' strategy.
In October 2019, he presented a strategic plan focusing on asset rotations.
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