The French environmental services provider Suez has reported that its activities have displayed "dynamism and resilience" in the current climate of significant inflation. At the end of July, the company published its financials for the first half of 2023, reporting sales revenues of €4.371bn compared with €3.079bn in the same stretch in 2022. The "Recycling and Recovery" (R&R) division contributed €2.74bn to this sum, which was 66 per cent more than the previous year’s total of €1.65bn. Several acquisitions in the second half of 2022 helped to bolster growth. At the end of November, Suez bought back its former hazardous waste business in France (IWS) and days later completed the reacquisition of its former British waste management operations. Ownership of both entities had passed to Suez's competitor Veolia when the French environmental services giant acquired large portions of Suez in early 2022. Veolia had subsequently been compelled to divest the units for anti-trust reasons....
Suez reports first-half loss amid strong growth in sales revenues
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