Suez: confident about 2018
(CercleFinance.com) - Meeting on Tuesday, Suez's Board of Directors announced having found that the Group should be able to meet its 2017 targets, including organic sales growth, free cash flow generation and gearing.
However, in Q4, 45 million euros was knocked off Ebit, due to specific expenses Suez said, which mentioned a special situation in Spain and costs associated with the decision to terminate two service contracts, in Morocco and India, as a result of operational difficulties.
As a result of this, there was an organic decline of 2%. Suez said that excluding these items, annual organic growth in Ebit would have been in line with the trend of +1.4% displayed on the presentation of results at the end of September 2017.
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However, in Q4, 45 million euros was knocked off Ebit, due to specific expenses Suez said, which mentioned a special situation in Spain and costs associated with the decision to terminate two service contracts, in Morocco and India, as a result of operational difficulties.
As a result of this, there was an organic decline of 2%. Suez said that excluding these items, annual organic growth in Ebit would have been in line with the trend of +1.4% displayed on the presentation of results at the end of September 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.