Suez Environment Profits Rise

Suez Environment’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 12.8% for the nine months of 2010 to €1.69bn ($2.33bn), boosted by strong profits and revenue.

The France-based water and wastewater company’s revenue grew by 13.6% to €10.14bn during the first nine months from €8.92bn in the same period a year earlier.

Suez Environment’ international volumes, which account for 25% of total sales, increased by 29.8% to €2.68bn.

The group expects sales growth of over 7% for the full year and growth in EBITDA of above 9%.