2025 AND GREENUP OBJECTIVES FULLY CONFIRMED
- Solid H1 2025, in line with our annual guidance
- Sustained Revenue growth, in line with first quarter, of +3.8%(1) to €22,048M
- Solid operating performance, with an organic growth of EBITDA of +5.5%(2) to €3,367M, fueled by revenue growth, operational efficiency and synergies in line with targets
- Current net income(3) - Group share of €762M, up +4.3%(4) and +12.5%(4) excluding 2024 net financial capital gains (o/w Sade)
- Dynamic capital allocation policy creating value, with €2.2bn of net financial investments, including notably acquisitions in Water Technologies and Hazardous Waste in the second quarter
- Leading to Net financial debt(3) well under control at €20,764M and a leverage ratio of 3.0x, in line with our trajectory
- 2025 guidance and GreenUp plan fully confirmed
Estelle Brachlianoff, CEO of the Group, stated:
“The excellent results recorded in the first half confirm the relevance of the GreenUp plan's growth priorities. In an uncertain economic and geopolitical context, the challenges related to health, resilience, competitiveness, and sovereignty are all the more crucial and confirm the sustained demand for our services. Thus, in the first half of the year, our booster(5) activities were up almost +9%(6), and we registered €2bn bookings in water technologies.
Our unique ability to demonstrate agility in a constantly evolving environment enables us to maximize value creation for our stakeholders by combining resilience and growth. The EBITDA growth of +5.5%(2) in the first half, in line with our expectations, thus reflects our operational excellence.
This growth is supported by a dynamic and successful capital allocation policy, with €2.2bn invested in the first half, including the buyout of CDPQ's 30% stake in Water Technologies Services, giving us full ownership and enabling us to accelerate value creation, as well as nearly 300 million euros in targeted acquisitions in hazardous waste treatment in the United States, Brazil, and Japan.
The strong performance in the first half of 2025 makes us fully confident in achieving our objectives for the year.”
(1) At constant scope and forex and excluding energy prices
2) At constant scope and forex
(3) Before Suez PPA
(4) At constant forex
(5) Boosters: water technologies, hazardous waste, bioenergies, flexibility and energy efficiency
(6) At constant scope and forex and excluding energy prices, including our new hazardous waste and flexibility assets