In an uncertain economic environment which became more difficult since the beginning of the year, SUEZ ENVIRONNEMENT undertook a review of its activities. The Group decided to include in its estimated accounts ending June, 2012, an additional provision of €85 million for the Melbourne desalination plant and recognised a €60 million loss in the market value of its stake in Acea. Furthermore, the downward trend observed in Waste activities in the first quarter in Europe has accelerated in the second.
Consequently, SUEZ ENVIRONNEMENT decided, for 2012, to increase the Compass cost reduction target by €40 million and to reduce its total net investment by €100 million.
The Group anticipates for 2012 a stability of its revenue and EBITDA, compared to 2011 . The other elements of the annual guidance remain unchanged.