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SUEZ doubles investments to consolidate position in water and waste management

chinadaily.com.cn | Updated: 2022-09-28 13:57

Sabrina Soussan, SUEZ Chair and CEO. [Photo provided to chinadaily.com.cn]

SUEZ doubles its investments to consolidate its position as a leading player in water and waste management

SUEZ has unveiled on Tuesday its strategic plan for 2027:

The Group will focus on its core businesses, including water and waste, and develop its international footprint;
The Group will create values for all its shareholders through innovation and investments alongside its clients;

The Group will target an annual average growth in revenue of between 4 percent and 5 percent as well as average annual growth in EBITDA in excess of that of its revenue;

Faced with new environmental and energy challenges, the Group will invest, alongside its clients, more than an additional 860 million euros ($821 million) compared to the previous period and will increase its research and development budget by more than 50 percent.

The acquisition of SUEZ R&R in the United Kingdom is a major strategic step forward for the Group, consolidating its position as a global player in the waste market;

Following this acquisition, SUEZ's revenues will reach 9 billion euros and the Group will have 44,000 employees;

The record contract announced on Tuesday for a new wastewater treatment plant in India, the largest ever signed by SUEZ in the country, illustrates the Group's ambition to grow in targeted, emerging geographies.

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