Suez: launches 'Shaping Suez 2030' plan
(CercleFinance.com) - Suez announces the launch of "Shaping Suez 2030," a comprehensive strategic plan, which "enhances value creation for all stakeholders over 4 years with material results as soon as 2021.
"
The plan will increase selectivity in the terms of organic growth, including more disciplined investment and an accelerated rotation of the group's portfolio, increasing simplicity through an efficiency program amounting to one billion euros by 2023.
In terms of financial targets, the utilities group aims to report 2021 recurrent EPS of 0.8 euro, recurrent free cash flow of 500 million euros and net debt of 2.8x to 3x EBITDA.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
"
The plan will increase selectivity in the terms of organic growth, including more disciplined investment and an accelerated rotation of the group's portfolio, increasing simplicity through an efficiency program amounting to one billion euros by 2023.
In terms of financial targets, the utilities group aims to report 2021 recurrent EPS of 0.8 euro, recurrent free cash flow of 500 million euros and net debt of 2.8x to 3x EBITDA.
Copyright (c) 2019 CercleFinance.com. All rights reserved.