Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Un S1 en fanfare qui confirme la reprise et la progression de la profitabilité

>Ajustement de l’OC au détachement du dividende - Les résultats du S1 21 sont ressortis un peu au-dessus de nos attentes, matérialisant le retour à un niveau quasi nominal d’activité, porté par des effets volumes (eau et déchets) et des prix qui bénéficient soit de l’inflation (eau), soit de la hausse des services ou des matières premières secondaires (déchets). Nous profitons de cette publication pour ajuster notre OC de 20.50 € à 19.9 € sur la base du prix de l’OPA ...
Underlying
SUEZ SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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