French environmental services group Suez increased revenues in 2025, but a sharp rise in impairments and restructuring charges pushed the group significantly deeper into the red. Suez reported a net loss attributable to the group of €671m for the past financial year, compared with a loss of €211m in 2024.
The company posted very significant extraordinary items amounting to over €600m in impairment and restructuring costs last year, compared to €79m in the prior year. As a result, income from operating activities swung to a loss of €698m, compared with a marginal profit of €15m in the previous year.
Commenting at the presentation of the group's annual results last week, CEO Xavier Girre said, "We have clarified our strategy, set out our medium-term financial plan and launched the transformation of the organisation." He added that he was "pleased to see the first benefits of this transformation coming through, with several major contracts signed in water and waste services in France and internationally".
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Among its waste highlights for the year, Suez noted that it had secured several major long-term contracts for its waste operations. Among them are a contract for the modernisation of the Romainville-Bobigny household waste treatment centre, permission to expand a hazardous waste landfill near Paris, and a contract for the management of the Ness Energy from Waste (EfW) facility in Aberdeen, Scotland....
