PARIS, April 24 French environmental services
firm Suez Environnement said on Thursday core earnings
fell 2.2 percent on a gross basis and rose 3.2 percent on an
organic basis, in part because of the negative impact of
Suez's core earnings before interest, tax, depreciation and
amortisation (EBITDA) fell to 552 million euros from an adjusted
564 million in the first quarter of 2013. Revenue fell to 3.35
billion euros from an adjusted 3.42 billion.
The company said it had felt a significant negative exchange
rate impact of 94 million euros on revenue, of 30 million euros
on EBITDA and of 55 million euros on net debt.
The company did not release details on profit, but said the
unfavourable exchange rate impact on revenue was mainly due to
the depreciation of the Australian dollar (-41 million) and the
Chilean peso (-33 million) against the euro.
The company also said that the slight improvement in its
waste business seen at the end of last year has continued, as
shown by a 1.7 percent increase in treated volumes. Suez said it
maintained all of its 2014 objectives.
(Reporting by Geert De Clercq; Editing by Andrew Callus)