2024-03-25 17:00:00
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Double-digit growth in each business area
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2024 outlook very well oriented with strong commercial dynamics
Consolidated data in €M
(unaudited)
2022
2023
Evolution in %
Annual turnover as of 12/31
226,9
264,6
+16,6%
Including cleanliness
174,8
207,3
+18,6%
Including Treatment-Valorisation
52,0
57,2
+10,1%
Turnover for the 2nd half
119,0
136,6
+14,7%
Including cleanliness
91,6
106,9
+16,7%
Including Treatment-Valorisation
27,4
29,6
+8,2%
A 3rd consecutive year of growth
For the 2023 financial year, the turnover of the PIZZORNO Environnement Group stands at
€264.6 million, up +16.6% compared to 2022. The Group is thus recording a 3rd consecutive year of growth driven by good momentum in the Group’s two businesses.
The activity
Cleanliness
rose sharply by +18.6% to €207.3 million, driven both by an excellent contract renewal rate (+98.5%) and the start of new contracts such as that of the city of Marseille. Furthermore, 2023 includes as a full year all the services relating to the collection contract of the European Metropolis of Lille (€161 million over 7 years).
The Group thus demonstrates its ability to adapt to the uniqueness of territories and respond to the challenges of all communities.
The turnover of the activity
Treatment-Valorisation
amounted to €57.2 million, up 10.1% over one year. Growth is driven, among other things, by the opening of the professional recycling center in Sainte-Maxime and the increase in tonnages and prices on the Ecopôle Azur Valorisation site.
Furthermore, as part of the management of the Toulon UVE, the Zephire activity
[1]
recorded a turnover of €36 million as of December 31, 2023, an increase of 20%.
Outlook and developments
Considering the level of activity achieved over the entire 2023 financial year and the Group’s financial discipline, PIZZORNO Environnement anticipates a solid operational performance for the financial year ending December 31, 2023.
PIZZORNO Environnement approaches the year 2024 with confidence, marking 50 years of the family business serving 1 in 10 French people.
The start of the year remained strong within the Group’s two businesses, treatment and cleaning, with new commercial successes, particularly in the area of bio-waste management and material recovery.
Thus, the City of Draguignan renewed its urban cleanliness contract for a period of 5 years, representing an amount of €11.2 million.
The city of Antibes has renewed the Group for urban road cleaning services for an amount of €7.6 million over 4 years.
The Ecopôle Azur Valorisation also obtained the management of the treatment of bulky items and wood from recycling centers in the eastern part of the SITTOMAT territory and the Community of Communes of the Gulf of Saint-Tropez (€16.5 million over 4 years) . Furthermore, SITTOMAT awarded the Group the maintenance and transport of skips from recycling centers in the municipalities of La Crau, Carqueiranne and Hyères-les-Palmiers for an amount of €2.9 million over 4 years.
Finally, the city of Lyon chose the PIZZORNO Environnement Group for the provision, installation, removal and washing of containers allowing the sorting of waste from fairground market exhibitors on the municipal territory for a period of 3 years representing €1.6 million.
This commercial dynamic illustrates on the one hand the trust placed by customers but also the Group’s ability to reinvent itself and evolve its value creation model in responsible waste management.
About PIZZORNO Environment
A player in the circular economy, PIZZORNO Environnement is a family business that supports the ecological transition of territories. Its expertise is based on mastery of all waste trades, from cleanliness to collection, from sorting to recovery to treatment. The Group employs nearly 2,500 people.
Euronext Paris – Compartment C – ISIN: FR0010214064 – Ticker: GPE – Bloomberg: GPE.FP – Reuters: GPE.PA
www.pizzorno.com
PIZZORNO Environment
Maria de VIA CARROZZA
Financial director
[email protected]
Tel. : 04 94 50 50 50
Analyst/Investor Relations
ACTUS finance & communication
Corinne POWERFUL
[email protected]
Tel. 01 53 67 36 77
Relations Presse
ACTUS finance & communication
Fatou-Kiné N’DIAYE
[email protected]
Tel. 01 53 67 36 34
[1]
Company 51% owned by the Group, with no impact on the Group’s consolidated revenue and integrated using the equity method
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