France's Séché Environnement H1 revenue rises on international acquisitions

Seche Environnement SA

09/09/2026 17:01

Overview
France waste management firm's H1 2026 contributed revenue rose 5% yr/yr, driven by international growth
EBITDA for H1 2026 increased 9% yr/yr, reflecting improved profitability from acquisitions
Net income for H1 2026 fell 23% yr/yr, impacted by acquisition and performance plan costs

Outlook
Séché Environnement sees 2026 contributed revenue between €1,230m and €1,260m
Company expects 2026 EBITDA between €260m and €270m
Séché Environnement targets IFRS financial leverage below 3x EBITDA at end-2026

Result Drivers
INTERNATIONAL EXPANSION - Acquisitions in Chile and Italy significantly boosted revenue and operating profitability, with both new subsidiaries contributing strong growth
DOMESTIC WEAKNESS - French operations saw lower revenue and profitability, mainly due to a high prior-year baseline and reduced Services activity
COST-SAVING MEASURES - Performance plan and cost controls supported profitability, though non-recurring charges from acquisitions and restructuring weighed on operating income

Company press release: ID:nBw5KJhg2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Contributed  Revenue
 
EUR 608 mln
 
H1 Net Income
 
EUR 12.19 mln
 
H1 EBITDA
 
EUR 128.31 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Seche Environnement SA is €85.00, about 7.7% above its September 8 closing price of €78.90
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)