Suez energy growth sparks rumours
- From: Vol 5, Issue 2 (February 2004)
- Category: Companies
- Region: Unspecified
- Country: France
- Related Companies: Nalco, Northumbrian Water, Ondeo/Suez and Sabesp
Full year results suggest that water is being left behind by energy at Suez. Is it time for a demerger?
Last month, Suez released its turnover figures for 2003. They showed that revenues were €39.6 billion, compared with €40.8 billion for 2002. However, various material changes during the year, most notably the Nalco sale and the disposal of most of the Northumbrian Water shareholding, seriously distort the underlying trend.
Suez claims an organic revenue growth figure for 2003 ...
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