Suez income up 12.8 percent

Suez Group has released its economic report for the first half of 2005, highlighted by a 12.8 percent increase in net income to ¬ 1.5 billion and debt reduction of about ¬ 11 billion, a net reduction of 20 percent over the past year. The first half of 2005 saw further improvements in the companys performance with an EBITDA organic growth of 6.4 percent that outpaced revenue growth by six percent. The improvement in our 2005 first-half results reflects the significant progress achieved in the operating performance of all Group business lines. Suez is now a simplified and fully integrated company that benefits from a clean and ambitious strategy as well as a host of competitive advantages, said Suez Chairman and CEO Gérard Mestrallet.