Sustained strong growth in Q3 2024
Paris, November 20th, 2024 – Saur Group reported Q3 YTD 2024 revenues of €1,687 million, up +11.3% year-on-year and +8.3% organic.
Patrick Blethon, Chief Executive Officer of Saur said: “In Q3 2024, Saur maintained its strong growth trajectory, achieving double-digit revenue growth driven by all business lines. The Industrial Water segment continues to stand out, achieving a remarkable +26% increase in revenue through both organic growth and the strategic acquisition of Natural Systems Utilities. The positive momentum in Water Services, supported by price indexation and commercial growth, further underscores our resilience and operational excellence. As we close out the year, we remain confident in our ability to achieve sustained, profitable growth and uphold our mission to lead the water transition.”
KEY FIGURES
Revenue growth was +11.3% in Q3 YTD and +8.3% organic.
Saur delivered strong growth in Q3 YTD:
- Water services France reported revenue growth of +6.0% underpinned by tariff increase, strong backlog, and commercial development both on O&M and works, despite an unfavorable weather effect on volumes notably this summer.
- Industrial water solutions reached €390 million revenues in Q3 YTD, achieving a +26.1% growth. Strong organic growth of +15.4% across all services offering was supported by key strategic acquisition of Natural Systems Utilities (NSU), which benefited from highly complementary expertise and fostered new geographic synergies.
- Water services International revenue increased by +14.1% (of which an organic growth of +8.9%) thanks to tariff increase, higher works activity and commercial momentum. The acquisitions of Ekos Poznan in Poland and CTGA in Portugal also contributed to this double-digit growth.
OUTLOOK
FY2024 outlook:
- Revenue growth: Double digits
- EBITDA margin improvement
- Committed to deleveraging