Suez Environment, specializes in managing water and waste, has published results on Wednesday rose for the first half of 2010. The Group's turnover amounted to 6.59 billion euros, up 12.3% as reported (10.8% at constant exchange rates).
The gross operating income reached 1.042 Moreover billion, an increase of 9.6% as reported and 7.2% excluding currency effects. Net income group share stood at € 386m, up 121%, € 0.79 per share.
The group has raised its targets for the whole year: it expects a turnover higher than that of 2009 (which was $ 12.296 billion euros) of at least 7% at constant exchange rates, cons at least 5% expected in February.It also relies on a gross operating income up 9% minimum at constant exchange rates compared to 2009, against 8% minimum expected end of February.
Free cash flow increased during the semester 30% (excluding non-recurring items in 2009) to 457 million euros. The group hopes to reach over 700 million euros for the whole year. Operating cash flow amounted to 905 million euros, up 9.5%. "The cost optimization program, Compass 2 continues," said CEO Jean-Louis Chaussade in a statement.The group has increased its cash generation and maintains its goal of financial strength.
The CEO of Suez Environment also emphasizes that this semester is marked "by strengthening our strategic positions, including the acquisition of eight companies in the water in France and the finalization of the friendly takeover which Agbar allows Suez Environment to consolidate its bases in Spain and abroad. "
The turnover of the International segment is also in "strong increase" to a constant exchange of +21.9% (+19.9% organic growth) to a € 707m.
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"Suez Environnement wants to grow internationally
To forget the failure of the huge nuclear power plant contract in Abu Dhabi. It's a little obsessed with the French energy sector and particularly of GDF Suez, which relies heavily on the Middle East.
Tuesday, the group headed by Gerard Mestrallet did not hide his satisfaction at the announcement of the signing of a contract to build a gas power plant with a capacity of 1730 megawatts (MW) in Saudi Arabia. The operation is substantial. The future plant, which will be commissioned in late 2012, an output slightly above the EPR (1600 MW), for a price much lower: 2.1 billion dollars.
In reality, the bill for GDF Suez is approximately 400 million dollars. The group owns only 20% of the consortium.The balance is in the hands of Saudi Crown Corporation (SEC), at 50%, and two partners, the Saudi Aljomaih Holding Co and Japan's Sojitz Corporation, which share the remaining 30%. The operation for twenty years, however, is entrusted to the French energy company.
Competition relatively limited
With this operation draws a little more face GDF Suez on the world supply. Unlike EDF, which concentrates its production in Europe and especially in France where it holds a capacity of 96,000 MW, the group is growing strongly outside Europe.
In the Middle East, it will have in 2013 a volume of 17,000 MW, equal to its combined capacity in Belgium and France. The other major area of activity is in South America, and particularly in Brazil where he is expected to produce 11,000 MW within three years.In total, GDF Suez expects a capacity of 100,000 MW by 2013 against 72,000 MW currently.
Growth in these areas is even faster than the electricity needs are growing. Demand is growing 8% per annum in Saudi Arabia. Brazil must build the equivalent of two or three EPR annually to meet the needs of the population and industry. The bulk of the investments made in hydropower, which represents three quarters of the country's capabilities.
Another advantage, competition is relatively limited. None of the major European energy companies not participating in tenders in the Middle East. The real competitor is Western International Power, the English electrician that coveted GDF Suez earlier this year.It has 9000 MW of which 2,000 under construction in the Middle East.
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The European Union has delivered Monday in her web of Penelope: the establishment of a "governance" to hold together the economic course of the crisis. But she still did not defined the content nor the timing, or even the actors. The sudden postponement of the appointment Sarkozy-Merkel in Berlin in addition to other mishaps for a company that struggled to take off. Finance ministers of Twenty-Seven, meeting in Luxembourg on Monday evening, still had to push the fires on their side.
On the positive side, the ministers of the euro area have sealed their agreement on the "ease" of 750 billion which should guarantee the eventual bailout of states on the brink of bankruptcy. They agreed to curb the gnawing pain of a single currency: Eurostat, the statistical arm of the EU, will be with genuine "investigative powers" to prevent a country to hide for years the severity of its fiscal situation.So much for the remedies.
EU sanctions
The advances are more confused in the forums, sometimes competing, responsible for prevention component: the Eurogroup, which brings together 16 ministers of the euro, the Ecofin, which brings together the 27 EU central bankers, and finally the new working group that puts themselves under the authority of the Chair, Herman Van Rompuy. The three find themselves in less than twenty-four hours in Luxembourg overnight pay day loans.
First floor of the mechanical preventive tightening fiscal discipline is acquired on the common principle. But its terms shall continue to oppose Germany, herald of orthodoxy in much of Europe. Berlin wants to impose on countries that refuse to toe the line of European sanctions, such as the deprivation of the right to vote, not found in the treaties.José Manuel Barroso J. "naive" the Merkel government's attitude. France, without rejecting the idea of German front, said she does not respond to the emergency "because it would take at least three years to change the texts," said one diplomat.
Things get complicated at the higher level, that of governance and coordination of economic policies. Angela Merkel and Nicolas Sarkozy are trying to get their act together to approach the next EU summit in Brussels nine days. Herman Van Rompuy will also make proposals.
The Chancellor visited in March to the idea of an "economic government" European defended by the Elysee.But rather than open a new institutional construction, Berlin thinks first to impose its partners "stability culture" as a model.
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The Sarkozy-Merkel meeting postponed for one week
After a few sessions of doubt, the Paris Bourse has picked up substantially. Encouraged by good news from the United States, the CAC 40 was indeed awarded 1.59% to close at 3557.34 points to finish in a volume of transactions expanded by about 4.5 billion euros.
Other major European markets have also hoisted the green flag.In Frankfurt, the Dax gained 1.23%, and London was awarded the Footsie 1.16%.
The markets were boosted by a salvo of indicators better than expected in Europe and the United States.
The Paris Bourse, which opened up substantially has continued to evolve in green, buoyed by an encouraging indicator for growth in the private sector in the euro area.
In the United States, on the eve of the announcement of monthly statistics of unemployment, investors focused their attention on "indicators from the employment market.
Positive signs
The firm ADP, which always reveals its figures a step ahead of the official statistics, said that the private sector in May had aligned his fourth consecutive month of net job creation (55 000).More good news, the number of jobs created in April was revised up significantly with 65,000 jobs, nearly double the previous estimate of ADP.
And, for analysts, the number of jobs created Department of Labor to be released Friday should be even higher because it also includes jobs in the public sector has massively hired for the decennial census. In recent days, signs of U.S. economic recovery are multiplying. The day before, real estate, which is closely watched by analysts had sent further signs of recovery.
In Paris, the mood swing advantage in priority areas identified as cyclical resource stocks and cars that were driving the increase, the image of Peugeot and Vallourec.
Next Monday, the faithful love of cinema to UGC will learn about PeopleForCinema, the start-up created six months ago by Simon and Serge Hayat Istolainen on MyMajorCompany model, the Internet music label.
The giant cinemas and website, which offers users to leverage the distribution of films before their release, have entered into a partnership that should give new impetus to PeopleForCinema.
From Monday, subscribers to the loyalty program and the 250,000 cardholders unlimited branded UGC will be able to invest in a few films chosen by the exhibitor in the catalog PeopleForCinema. "There are many similarities between us and them, says about his partner Jean-Marie Dura, CEO of UGC in network load.One the other as we seek to support the film and provide access to movies very different. "UGC, which publishes a free magazine distributed in its 371 rooms in France, has more than one million unique visitors month on its website.
Through this agreement, the UGC will provide start-up its roster of clients, and in return will enter the PeopleForCinema network of cinemas in the dance community and participatory payday loan lenders.
"The Whistler" Catalogue
Specifically, users who go from Monday on the website of UGC discover a film catalog PeopleForCinema on which they can invest money. In a few months, when the film will be shown, users who have invested will have their release – pulled in admissions hall – whether the film knows only limited success.However, if it contains a triumph, they will receive a share of profits. UGC, in turn, affect a small share of revenues, calculated by the number of Internet users from its own network. This partnership is timely for the participatory website, which has not yet found its success. The Whistler – first catalog – has recorded only 330 000 entries, 440 000 and Brothers, which does not affect profits. Its founders have now on the next film by Bertrand Blier, The Sound of ice, including Jean Dujardin, Albert Dupontel share the bill.
From our correspondent in Berlin
Europeans will have to get used to the new face of Germany submitted to Brussels by Angela Merkel. Beyond the contingencies of domestic politics that fueled the intransigence of the Chancellor, asserted in a country at peace with both his past and uninhibited. Thursday, commentators congratulated themselves that Germanic Merkel has imposed its harsh conditions to rescue Greece. Bonn was the capital of Germany modest listening to its neighbors and allies. Berlin has become the standard of a country, focusing on their interests. It took twenty years to complete its moult.
"Never the cash drawer of Europe, welcomed on Thursday, the tabloid Bild, rejoicing that the EU will" break your teeth "on his" Iron Chancellor ".Germany post Third Reich was found in the European project in which positive invest.
Domestically, the social market economy was to protect against the resurrection of his old demons. Internationally, she played the card of modesty and reliability: Bonn merely a seat and do not skimp on the checkbook.
To Konrad Adenauer, Helmut Schmidt and Helmut Kohl, great "European chancellors, the Franco-German friendship was both a guarantee of peace for Europe and a way to reintegrate the country into the community of nations. "Meanwhile the role of government within the EU has changed," says Vice-President of German Parliament, Silvana Koch-Mehrin (FDP) low fee payday advance !!!???!!!?? ?!!!. The EU was enlarged and the checkbook German shrunk.We can not get rid of conflict by using German money as before. "
Germany, which erodes wages to boost its exports worries its neighbors. In Brussels, the Chancellor who wants to impose its financial orthodoxy by being applauded by the media in Germany. "Who are the best Europeans?" Questioned Thursday's Frankfurter Allgemeine Zeitung. "Certainly not those who go against EU rules, are willing to provide aid to Greece in the short term. Because the long term they also undermine the stability of the euro, encouraging other countries to conduct an unhealthy financial policy without fear of consequences. "
Angela Merkel is a continuation of his Social Democrat predecessor, Gerhard Schr?der, who had first felt the need to "normalization" of the Germans and had dared "decomplex" his country.It also folds to a reality imposed by the Constitutional Court in Karlsruhe. On June 30 last, the eight judges of the German institution had buried the European integration conditionally ratifying the Treaty of Lisbon.
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"Greece: Germany imposes its plan
After a meeting on Tuesday closed at equilibrium, the rings on Wednesday renewed optimism substantial. Around noon, the Cac 40 displayed up 1.38% at 3662.5 points. The good mood is widespread in Europe, including the London Stock Exchange gaining 1.12% at 5168.1 points, the Frankfurt amount of 1.5% to 5579 points, and Milan climbing 2.54% to 21,346 points.
The prospect of a European plan to help Greece gives investors reason to smile again. Certainly at this stage, "there is no agreement," said a French source on the eve of the Brussels European Council must take a position on the budgetary situation of Athens.
But it is More than a single nation euro zone to avoid giving the green light for the backup plan. Germany, but could make his signature Thursday.
Long live economic news
On the macroeconomic front, industrial production in France fell by 0.1% in January compared to December, while in November it had gained 0.6%, according to figures published by INSEE. For Fr?d?rique Cerisier, economist at BNP Paribas, "the sharp drop in production of transport equipment (-4.7%) reflects not only the decline in automobile production (-2.1%) but also the aviation branch , naval and railway (-7.9%).After the strong rebound in the third quarter, this pause in the recovery of the activity does not mean that recovery is terminated, but it will be gradual and probably struck, she said.
Furthermore, the current account deficit narrowed in France in 2009 to 40.6 billion euros after 44 billion in 2008, thanks to lower energy costs, said Wednesday the Bank of France (BdF) .
Finally, the United States, the trade figures for December are expected on Wednesday afternoon, and the weekly inventory of crude oil and after-hours trade, the figures of budget execution in January. Governor Daniel Tarullo be heard before the Senate Banking Committee on systemic risks.After Hours, president of the Philadelphia Fed will discuss "Lessons from the global financial crisis."
Bad publications are ignored
The publications were many on Tuesday, and just generally reassuring. But the market is not so far achieved.
Arcelor-Mittal (-5.28% to 27.1 euros) recorded a net profit of 118 million dollars for 2009 and 1.07 billion for the fourth quarter cash advance . The metallurgist is the red lantern index in Paris.
PSA Peugeot Citroen (-1.97% to 21.87 euros, 2nd largest drop) announced Wednesday a net loss of 1.161 billion euros in 2009 against a net loss of 363 million a year ago, for a turnover 'sales down 10.9% to 48.417 billion euros.Natixis welcomes performance Faurecia and Gefco, but is very Decca automobile.
Sanofi Aventis (1.03% to 53.2 euros) recorded an adjusted net income of 7.8 billion euros in 2009 up 11%.
According to Le Monde, Renault (+0.27% to 33.4 euros) to consider building a plant near Algiers, which produce 50,000 vehicles annually for the local market.
Nexans (-0.86% to 55.32 euros) worldwide leader in the cable industry, has seen its annual profits collapse at 8 million euros, mainly due to restructuring and divestitures of businesses by group, and remains cautious for 2010.
EDF Energies Nouvelles (+4.82% at 35.85 euros) announced Tuesday a net annual increase of 39% and EBITDA up 47%.Gilbert Dupont went to purchase.
Apart from publications, the bank stand on the CAC 40, including Cr?dit Agricole, headlining, up 4.66%, to 10.85 euros. Axa rises of 4.13% and Societe Generale is 4.41%.
CAC Hors, Havas (6.71% to 3.08 euros, head of the SBF 120) on Tuesday posted a turnover decrease of 4.4% on an organic basis in Q4 2009, to 1441 million 'euros. Unrealized net budgets amounted to 1,270 million euros in 2009. The group has been identified by Goldman Sachs and Nomura.
Medica (+7.92% at 14.03 euros) announces that its IPO was a "success".The French and international institutional, meanwhile, have subscribed for about three times the size of the offer.
Theolia (6.25% to 3.23 euro) has published a turnover increased almost five in 2009 due to the resumption of sales of wind farms by the group.
Ubisoft (-1.72% to 9.66 euros) said Tuesday night "expects to return to profitable growth and a cash from operating activities positive" for the year 2010-11.
Vinci (+1.17% at 38.43 euros) on Tuesday announced acquistion of 89 contracts for parking company Interpark the United States through its U.S. subsidiary LAZ Parking.
Vilmorin (+1.29% at 79.86 euros) issued a turnover up 2.7% in the first half of 2009-2010 and has announced a joint venture in wheat seed in Argentina.
The Paris Bourse started the week in the green, having closed sharply lower Friday. The Cac 40 was opened on Monday, up 0.42% to 3971.17 points.
This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.
No macroeconomic statistics that could reverse the trend is expected.
Renault under the microscope
As for values to follow, Renault is expected to turn.Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. The reaction of Peugeot will also be expected.
According to the British press, GDF SUEZ is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.
Louis Welsh, CEO of EADS Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.
Air France KLM would react Exchange after publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which includes Air France-KLM.
According to the Tribune, Axa interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.
Accor CEO Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.
The luxury goods group Compagnie Financiere Richemont announced Monday before market turnover exceeds expectations in the third quarter of 2009/2010. The latter rose 2% to 1.585 billion euros, while analysts expected a decline. For the current year, Richemont gave no forecast
Aeroports de Paris (ADP) after market must publish its traffic for the month of December.
Casino has been in trouble in Venezuela. Venezuelan President Hugo Chavez on Sunday ordered into effect the expropriation of the hypermarket chain Exito, a subsidiary of Casino, accusing him of having increased its prices so speculative.
At 18h, Casino and Mercialys publish their figures for the fourth quarter while Soitec unveil his own in the third quarter.
The union elections were held this Thursday at France Telecom. Nearly 80 000 people (the French employees, including subsidiaries owned more than 50%) were required to nominate their three representatives on the board of directors comprises 15 members. In the last election, in November 2004, the CGT and SUD had obtained a seat each for non-executives, the CFDT and the seat frames.
The final election results were not known late Thursday afternoon. In all likelihood, they should respect the overall balance of trade unions: CGT is the first organization in France Telecom (25.94%), followed by South (22.29%), CFDT (21.95%), FP (12, 25%), the CFE-CGC/Unsa (9.79%) and CFTC (6.77%).The CGT is really far ahead, the goal of SUD is mainly to maintain ", noted Thursday afternoon Philippe Meric, SOUTH delegate.
In the current situation of the company, which has faced a series of 25 suicides in two years, these elections are of particular value. They should measure whether employees understand the strategy of "hard" of SUD and CFE-CGC, who slammed the door to negotiations with management. Or if they approve the choice of other unions, CGT head, negotiating and feel they have already achieved progress.
Last Tuesday, at the plenary meeting between management and unions on five major projects launched in the business, SOUTH decided to withdraw holding that "where a lack of loyalty and transparency."The CFE-CGC had already left the talks last week.
'Lack of decency'
"The SGC during this crisis has tried to be responsible. This led us to achieve progress already, "observes Christian Mattorel, union delegate, reaffirming its priority" of trade union unity and defense employees. "The negotiation is open, it must be given every chance to build for years to come, says Xavier Major, CFDT delegate. Some are more often on television at the negotiating table.Sometimes there is a dramatic recovery situations that we know that lack of decency! We'll see if others give a bonus to some hyper. I t will be interesting to see what managers think, which are often found between the hammer and the anvil. "
To SOUTH, however, it is not certain that employees make the connection between these elections and the current crisis. "These elections are a little moon for employees is a bit far from their concerns," observes Philip M?ric.Ce not like the election of staff representatives, with whom they interact every day. "
"Lombard," We shall emerge from the crisis together '