French environmental services group Suez generated €2.9bn in sales through its waste activities in the first half of 2024. This represented a more than 6 per cent increase in the "Recycling & Recovery" division's sales compared to the €2.7bn reported for the first half of last year, according to the Suez's interim report, which was published at the end of July.
The division's results also improved significantly. Suez reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of €410m, an increase of 17 per cent on the previous year's figure of €351m. Earnings before interest and taxes (Ebit) improved by 30 per cent, from around €105m to €136m.
At the end of July, Suez also announced the extension of a contract with the Greater Manchester Combined Authority (GMCA). The company estimates the total value over the extension period of eight years at more than £1bn (approx. €1.16bn)....
