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Séché Environnement reported a solid performance in Q1 2022, with contributed revenue of €209.1 million, up 21.3% year-over-year. Organic growth was recorded at 13.7%, reflecting strong demand across all regions, particularly in France (+6.9%) and internationally (+29.5%). The company confirmed its growth targets for 2022, capitalizing on the circular economy and decarbonization opportunities. Additionally, significant revenue increases in hazardous and non-hazardous waste segments highlight the company's resilience.
Séché Environnement reported a robust performance for 2021, achieving contributed revenue of €735.8 million, representing a 14.7% increase year-over-year. The company's EBITDA reached €170.3 million, or 23.1% of revenue, up 24.3% from 2020, while net income doubled to €28.4 million. Financial leverage improved to 2.7x EBITDA, and a €1.00nearly €1 billion in contributed revenue by 2025, bolstered by acquisitions and a focus on the circular economy.
On February 3, Séché Environnement announced a comprehensive decarbonisation strategy aligned with the Paris Agreement, targeting a 25% reduction in emissions by 2030. The Group aims for a 40% increase in avoided emissions for its customers by 2025 through enhanced recycling and low-carbon energy production. Key initiatives include optimizing waste incineration and boosting biogas capture. The company, a leader in waste treatment, reported nearly €675 million in turnover in 2020, emphasizing its commitment to environmental innovation.
On 1 January 2022, Séché Environnement Group expanded its services by incorporating eight operations centres specializing in wastewater maintenance from Veolia's SARP OSIS-IDF. This acquisition enhances their presence in the Greater Paris region, adding 233 employees and a fleet of over 130 service vehicles. The move aims to provide comprehensive solutions to local authorities and businesses, improving their service capability with 24/7 availability. CEO Maxime Séché emphasized the strategic alignment of these services with their existing operations.
Séché's Q3 2021 revenue reached €197.1 million, a 16.4% increase from Q3 2020, driven by strong performance in both its Hazardous and Non-Hazardous Waste divisions. Organic growth was 5.5%, with contributed revenue of €183.4 million reflecting a successful integration of Spill Tech, which added €13.5 million. For the first nine months of 2021, contributed revenue totals €538.1 million, a 16.9% increase year-over-year. The company remains confident in achieving its fiscal year target of approximately €750 million.
Séché Environnement reported strong performance for H1 2021, with contributed revenue rising by 18% to €355m and EBITDA increasing by 51% to €81m, representing 22.9% of revenue. The company significantly improved operating margins and financial flexibility, reducing its financial leverage ratio to 2.7x. The upward revision of 2021 targets indicates confidence in continued growth, with expected revenue of close to €750m. The planned acquisition of Osis-IDF is set to enhance service offerings and expand market reach.
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