Seche Environnement : Priority to debt reduction once the acquisition of Flamme is finalised
Admittedly, over the past year, Séché Environnement has hit the acquisitions trail more often than we expected. That said, we also understand that these were opportunities to be seized, which will shore up its positions in and outside France. On a pro forma basis for these three acquisitions, debt leverage should temporarily exceed the limits set by the group; but management has been clear and debt reduction will now be a top priority, alongside the target to bring leverage ratio back below 3x (pro forma) by June 2027, vs. ~4x post acquisitions.Seche Environnement offers environmental management solutions for industrial clients or local authorities. Co. operates waste treatment and recovery facilities and develops tools to produce energy from waste. Co. also collects and sorts all types of waste, whether household or industrial, hazardous or non-hazardous. For local authorities, Co. manages household waste and other environmental concerns. Co. is engaged in thermal treatment, storage, methanization of household waste and production of alternative fuels. For industrial clients, Co. has developed products and services for handling industrial waste from waste production sites to elimination facilities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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