Paris (AFP) April 28, 2011
French utility and waste management group Suez Environnement said on Thursday its first-quarter sales and operating profit rose strongly and confirmed its annual financial targets.
Sales rose by 14.3 percent to 3.5 billion euros ($5.2 billion), or by 13.5 percent at constant exchange rates. The company said organic sales growth totalled 9.7 percent.
Operating profit jumped 28.6 percent to 592 million euros, but grew by only 10.5 percent on an organic basis.
"After a sharp rise in 2010, Suez Environnement's performance is again improving significantly in early 2011," chief executive Jean-Louis Chaussade said in a statement.
"In a context of progressive economic recovery, we are improving our profitability, as we had announced, and reaffirm our 2011-13 objectives."
The company has targeted at least five-percent annual sales growth during that period with a 10-percent increase in operating profit this year followed by seven percent growth the following year.
The company's shares were showing a gain of 4.12 percent to 15.54 euros in early afternoon trading in a market up 0.43 percent.
Share This Article With Planet Earth
Water News - Science, Technology and Politics
Istanbul (AFP) April 27, 2011
Turkey plans to build a water channel connecting the Black and Marmara seas as an alternative to the congested Bosphorus Strait, Prime Minister Recep Tayyip Erdogan said on Wednesday. "We are rolling up our sleeves for Canal Istanbul, one of the greatest projects of the century that will outshine the Panama and Suez canals," Erdogan told a party gathering. The waterway, to cut through Is ... read more
Japanese government submits $49bn extra budget|
Dalai Lama tells Japan to look to future
Asbestos, dioxin threats in Japan tsunami rubble
Quake-hit Japan open for business: foreign minister
Thousands queue for iPad 2 across Asia
New polymer structures for use as plastic electronics
NIST nanomagnets offer food for thought about computer memories
Chernobyl's radioactivity reduced the populations of birds of orange plumage
U.S. land mass is shrinking
Miner Vale invests in mega dam
Suez Environnement reports strong start to year
Eddies found to be powerful modes of ocean transport
Calling all candidates for Concordia
Melting ice on Arctic islands a major player in sea level rise
ESA-NASA Collaboration Furthers Sea-Ice Research
Melting ice on Arctic islands boosts sea levels: study
China food scandals spark new safety fears
Lima to declare itself a GMO-free zone
Scorpion venom bad for bugs but good for pesticides
Stressed out crop impede higher agriculture yields
Japan mulls tsunami lessons for reconstruction
Ecuador on alert after volcano erupts
Forecasters predict multiple US hurricane landfalls
Rain is Colombia's 'worst' natural disaster: Santos
Diehard pro-Gbagbo militia begin to disarm
Darfur rebels reject draft Doha accord
Nigeria holds final polls despite violence
Burkina Faso president assumes defence post
Chinese population ageing, moving to the cities
Evolution of human 'super-brain' tied to development of bipedalism, tool-making
Berlusconi, Sarkozy meet over migrants
Pope urges 'solidarity' with refugees from conflict
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|