Saur delivers solid growth of +14.7% in Q1 2022
Saur Group reported Q1 2022 revenues of €427 million, up +14.7% year-on-year and +10.7% at a constant perimeter.
Patrick Blethon, Executive Chairman and Chief Executive Officer of Saur said: “Saur delivers a solid start to the year with an acceleration of organic growth versus the previous year. It clearly demonstrates the change of the Group’s growth profile and ability to gain market share. We also continued to build for the future, expanding into North America with the acquisition of Aqua-Chem and signing an exclusive agreement with Veolia to enhance our presence in the European Mobile Water Market. Even though overall conditions deteriorated in the beginning of the financial year 2022, we are confident and confirm our outlook for the full year.”
The Group’s activity experienced an acceleration in Q1 2022, with growth of +10.7% at constant perimeter.
The pace of growth was strong across all segments with a special note for the excellent development of our Industrial Water Solutions business (+107.9% reported, +51.9% organic).
• Water services France reported revenue growth of +6.9% underpinned by volumes, prices, and works.
• Water services International grew +9.9% with stable volumes and good momentum of works in Spain.
• Industrial water solutions doubled its revenues reflecting the contribution of acquisitions and strong demand for the broad array of solutions and equipment now comprised in our portfolio.
FY2022 outlook confirmed:
• Revenue growth: Double digits
• EBITDA: Profitable growth
• Committed to investment grade rating
We are providing this information voluntarily, and the material contained in this announcement is presented solely for information purposes and is not to be: (i) construed as providing investment advice; (ii) relied upon or the form the basis for any investment decisions; or (iii) regarded as a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset.
This presentation contains forward-looking statements which are based on current plans and forecasts of Saur’s management. Such forward-looking statements are by their nature subject to a number of important risk and uncertainty factors that could cause actual results to differ in a variety of substantial and very material respects from the plans, objectives and expectations expressed in such forwardlooking statements.
No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed therein.
These such forward-looking statements speak only as of the date on which they are made, and Saur undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise (and has no notification obligations to any person in this regard). It should not be regarded by recipients as a substitute for the exercise of their own judgment. Neither Saur, nor any of its directors, officers, employees, affiliates, direct or indirect shareholders, advisors or agents accepts any liability for any direct, indirect, consequential or other loss or damage suffered by any person as a result of relying on all or any part of this announcement and any and all liability is expressly disclaimed.
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