Séché Environnement: Activity in Q1 2023
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.
- Contributed revenue increased by 19.2% to €249.3 million compared to €209.1 million in Q1 2022.
- Sustained organic growth of 14.9% in France and 5.1% internationally.
- Confirmed 2023 business targets, expecting contributed revenue close to €1 billion.
- Strong performance in circular economy and decarbonization markets.
- None.
Sharp increase in contributed revenue: +
Sustained organic growth: +
2023 business targets confirmed
CHANGÉ,
Q1 2023 confirms the continuation of the positive trends of the last months of 2022 with a high level of activity in most of Séché’s (Paris:SCHP) businesses and geographical regions.
In
This good start to the year confirms the Group's expectations for 2023.
As of
At constant scope and exchange rates, contributed revenue rose sharply (+
In
Internationally, with a +
Séché is confident that it will achieve its growth targets for 2023.
Commentary on business in Q1 2023
As of
The reported revenue includes non-contributed revenue, which can be broken down as follows:
In €M - as of |
2022 |
2023 |
IFRIC 12 investments |
4.5 |
2.2 |
General tax on polluting activities |
13.0 |
14.2 |
Non-contributed revenue |
17.5 |
16.4 |
Contributed revenue stood at
This increase includes a scope effect of +
-
All'Chem (consolidated as of
June 1, 2022 ): +€4.7 million -
Séché Assainissement 34 (consolidated as of
July 1, 2022 ): +€1.0 million -
Séché Assainissement Rhône-
Isère (consolidated as ofJanuary 1, 2023 ): +€1.2 million -
Séché Traitement Effluents Industriels (consolidated as of
December 1, 2022 ):€11.1 million
At constant scope, contributed revenue totaled
Breakdown by geographic scope
Consolidated data in €m
As of |
2022 |
2023 |
Gross change |
Organic change |
Subsidiaries in |
145.2 |
184.8 |
+ |
+ |
o/w scope effect |
|
18.0 |
|
|
International subsidiaries |
63.8 |
64.5 |
+ |
+ |
o/w scope effect |
|
- |
|
|
Contributed revenue |
209.1 |
249.3 |
+ |
+ |
As of
The performance in
-
In
France , contributed revenue stood at€184.8 million , a strong increase of +27.2% compared toMarch 31, 2022 . This increase includes a scope effect of€18.0 million . At constant scope, growth came to +14.9% , illustrating the Group's buoyant markets.
Séché benefits from strong industrial markets driven by growing sustainability challenges, while the local authority markets confirmed their solid performance boosted by the implementation of regulations on the circular economy.
Therefore, over the period, this scope saw strong momentum in Service activities (+
-
International revenue was
€64.5 million , up +5.1% at constant exchange rates compared to Q1 2022.
This increase reflects uneven contributions from the different geographical regions and subsidiaries, some of which registered especially high levels of activity in Q1 2022 due to either the spot contracts in the Environmental Emergencies business lines (Spill Tech), or to a strong market resurgence after the 2020-2021 downturn caused by the Covid crisis (Solarca).
Analysis by activity
Consolidated data in €m
As of |
2022 |
2023 |
Gross change |
Organic change |
|
Services |
92.3 |
120.7 |
+ |
+ |
|
o/w scope effect |
- |
13.3 |
|
|
|
Circular economy |
66.4 |
78.2 |
+ |
+ |
|
o/w scope effect |
- |
4.7 |
|
|
|
Hazardousness |
50.4 |
50.5 |
+ |
- |
|
o/w scope effect |
- |
- |
|
|
|
Contributed revenue |
209.1 |
249.3 |
+ |
+ |
The Service activities posted a tremendous increase (+
At constant scope and exchange rates, Service activities rose considerably (+
Activities relating to the circular economy confirmed their high performance with growth of +
Hazard Management activities were stable over the period, which tends to conceal their robust performance in
Analysis by division
Consolidated data in €m
As of |
2022 |
2023 |
Gross change |
Organic change |
Hazardous Waste |
132.7 |
165.2 |
+ |
+ |
o/w scope effect |
- |
15.8 |
|
|
Non-Hazardous Waste |
76.4 |
84.2 |
+ |
+ |
o/w scope effect |
- |
2.2 |
|
|
Contributed revenue |
209.1 |
249.3 |
+ |
+ |
The recovery and treatment divisions posted a sustained level of activity and delivered an equal contribution to organic growth:
-
The Hazardous Waste division recognized revenue of
€165.2 million , up by +24.6% compared to Q1 2022.
At constant scope and exchange rates, the division's growth was up +
-
The Non-Hazardous Waste division achieved revenue of
€84.2 million , an increase of +10.1% over the period.
Subtracting the scope effect related to the consolidation of the Wastewater Sanitation activities acquired in 2022 and early 2023, the division's growth reached +
Growth outlook confirmed
This good start to the year confirms Séché Environnement's growth prospects for the current year.
While Q2 should again provide a high baseline for comparing activities in
The Group has confirmed its expectation of achieving organic growth of about
Conference call
A conference call to describe the business activity for Q1 2023 will be held (in French only) on
To participate in the conference, dial +33 (0)1 70 37 71 66 and give the following code to the operator: "Séché"
Material to accompany the presentation will be available from
A reply of the conference will be available from
Upcoming events
Combined General Meeting
Consolidated results at
About Séché Environnement
Séché Environnement is a leading player in waste management, including the most complex and hazardous waste, and in environmental services, particularly in the event of an environmental emergency. Thanks to its expertise in the creation of circular economy loops, decarbonization, and hazard containment, the Group has been contributing to the ecological transition of industries and territories, as well as to the protection of the living world, for nearly 40 years. A French family-owned industrial group, Séché Environnement deploys the cutting-edge technologies developed by its R&D department at the heart of territories in more than 120 locations in 15 countries, including some 50 industrial sites in
Séché Environnement has been listed on the Euronext Eurolist (Compartment B) since
1 At constant scope and exchange rates
2 All’Chem, Séché Assainissement 34, STEI, Séché ARI
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005735/en/
SÉCHÉ ENVIRONNEMENT
Analyst/Investor Relations
Manuel ANDERSEN
Head of Investor Relations
m.andersen@groupe-seche.com
+33 (0)1 53 21 53 60
Media Relations
Anna JAEGY
Head of Communications
a.jaegy@groupe-seche.com
+33 (0)1 53 21 53 53
Source: Séché Environnement
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