New boss follows big loss at Suez
- From: Vol 5, Issue 3 (March 2004)
- Category: General
- Region: Europe
- Country: France
- Related Companies: Nalco, Ondeo/Suez and United Water
With the 2003 accounts drenched in red ink and this year starting badly with the loss of the Puerto Rico contract, Suez Environnement has changed the leadership.
Suez announced its profit performance for the year to end December 2003. This showed an increased loss at the net level of €2.165 billion (the net loss in 2002 was €863 million), primarily as a result of €2.757 billion of write-offs, the bulk of which related to the sale of Nalco. At the EBITDA level, the performance was ...
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