SECHE ENVIRONMNT UNSP/ADR - SECVY STOCK NEWS

Séché Environnement reported significant financial growth in Q1 2023, achieving a 19.2% increase in contributed revenue, totaling €249.3 million, compared to €209.1 million in the same period last year. This growth was driven by a robust performance in both domestic and international markets, with organic growth rates of 14.9% in France and 5.1% internationally. The company confirmed its 2023 business targets, anticipating organic growth of around 5% and projected contributed revenue nearing €1 billion. Séché is benefiting from trends in the circular economy and decarbonization sectors.

Séché Environnement has filed its Universal Registration Document including the annual financial report for the year ending 31 December 2022 with the French Autorité des Marchés Financiers (AMF) on 23 March 2023. The document is accessible in both French and English on the company’s website. Séché Environnement, a leader in waste management with a turnover nearing €900 million in 2023, specializes in complex and hazardous waste management and environmental services. The upcoming releases include Q1 2023 revenue on April 25, 2023 and a General Meeting of Shareholders on April 28, 2023.

Séché Environnement reported robust 2022 results, achieving contributed revenue of €895m, up 22% from 2021, due to strategic acquisitions and strong organic growth. EBITDA reached €202m, representing 23% of revenue, while net income surged 57% to €45m. The Group's financial leverage ratio increased to 2.8x, while a dividend of €1.10 per share was proposed. For 2023, Séché anticipates near €1bn in contributed revenue, driven by full-year contributions from acquisitions and organic growth. The company is set to maintain solid operating margins and a focus on sustainable growth amidst favorable market conditions.

Séché Environnement has completed its acquisition of Veolia’s industrial water treatment services business in France, effective today. This transaction, finalized for approximately €30 million, enhances Séché’s portfolio of environmental services, focusing on outsourced industrial water management. The deal aims to strengthen their market position and support clients in reducing their environmental impact. Séché generated €736 million in sales in 2021, with a focus on creating circular economies and decarbonization.

In Q3 2022, Séché Environnement reported contributed revenue of €214.2 million, a 16.7% increase from the previous year. Organic growth reached 12%, with strong performances in France and internationally, where revenue surged by 15%. The company forecasts organic growth at the high end of its 5-10% target for 2022. The significant demand for green energy and low-carbon products supports Séché's strategic positioning in the circular economy.

Key growth was driven by industrial markets, particularly in hazardous and non-hazardous waste management.

Séché Environnement reported strong financial results for the first half of 2022, achieving €429 million in contributed revenue, a 21% increase compared to the previous year. The company’s EBITDA rose by 23% to €100 million, achieving 23% of revenue. With a net income of €25 million, up 87%, it confirms its financial stability and operational growth. The firm completed acquisitions, including All'Chem and Assainissement 34, and revised its 2022 growth targets upwards, expecting 5-10% organic revenue growth and EBITDA of 23-24% of contributed revenue.

Veolia has reached an agreement with Séché Environnement to finalize the last part of antitrust remedies from the merger with Suez. The deal involves the sale of Veolia's industrial water treatment services in France for approximately €40 million, funded by Séché's cash flow. This sale contributes to total asset disposals amounting to €920 million, showcasing strong sector momentum. The acquired contracts generate about €60 million in annual revenue and €4 million in EBITDA, enhancing Séché's service offerings in the industrial water cycle.

Séché Environnement held its Combined General Meeting with 84.17% of share capital represented. Key discussions included 2021 activity results and 2022 outlook. A dividend of €1.00 per share was approved, up from €0.95 for 2020. All resolutions passed except for one regarding regulated agreements. The meeting saw no questions from attendees. The results of votes will be available from May 2, 2022, on the company’s website. Séché Environnement generated a €736 million turnover in 2021, with 28% from international operations.