SUEZ: Solid Q3-2018 results; FY-2018 guidance confirmed | NEUTRAL | EUR13,5(+9%)
SUEZ - NEUTRAL | EUR13,5(+9%)Solid Q3-2018 results; FY-2018 guidance confirmed
Q3-2018 EBIT growth in line with H1 performance
FY-2018 guidance confirmed
No change to our Neutral recommendation
Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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