In a statement accompanying the year 2000 results for Suez, the international water, waste, energy and communications giant, the company said it would give priority to industrial customers.
“Industrial customers are to account for 55% of revenues in 2005 versus 45% in 2001.”
UK assessment
But, it was unclear whether this strategy would be mirrored in the UK where SITA – is actively pursuing several large local authority contracts. A spokeswoman for SITA in the UK said the company was still assessing the Suez annual results and statements. With its current merger with United Waste Services SITA is the largest waste management company in the UK.
Suez, which was formerly known as Suez Lyonnaise des Eaux, noted that total revenues for the company worldwide stood at 34 billion Euros, a rise of 36%. Of this 14.6% came in the waste sector or 5 billion Euros. Energy was the largest area of activity accounting for 57.4% of SITA’s revenues. In the waste sector Suez noted a return on capital employed at 10.1% up from 9.5% a year earlier.
Worldwide SITA is now number one in size in Europe, Brazil, Argentina and Hong Kong and it has 66 million household customers and 350,000 business and industrial customers.
The full report about the results for 2000 can be seen at Suez website.
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