Ondeo first half revenues slip
- From: Vol 3, Issue 8 (August 2002)
- Category: Companies
- Region: Unspecified
- Country: Argentina and France
- Related Companies: Aguas Argentinas, Bechtel, Nalco, Ondeo/Suez, United Utilities, United Water and US Water LLC
REVENUES AT SUEZ’S WATER BUSINESS (ONDEO) were down 2.2% in the first half of 2002 due to the devaluation of the Argentine peso.
Gross sales at 30 June stood at €4.79 billion, down from €4.90 billion a year ago. However, stripping out the effects of the peso devaluation, the group’s water business grew by 3.8%, Suez said.
Suez is particularly exposed in Argentina, where Ondeo holds a 46% stake in Aguas Argentinas which provides water and wastewater services to ...
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