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Suez: plays profitable growth of industrial waters

(CercleFinance.com) - Suez is organizing an investor day that is dedicated to its new Water Technologies & Solutions division (WT & S), which stems from the acquisition of GE Water & Process Technologies.

This division is expected to grow by 5% p.a. on average, with even stronger growth in EBITDA.

The utilities group emphasises the dynamic nature of industrial water, a market that is worth 100 billion dollars: it is expected to grow at about 5% p.a., mainly due to the scarcity of water resources, the desire for industrial and energetic efficiency and finally regulatory requirements.

In 2016, the WT&S division posted (pro forma) sales of 2.7 billion dollars, and these are expected to exceed 3.1 billion "by 2020". Suez still expects that the acquisition will have a "double digit" accretive effect on its EPS.

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