UPDATE 2-Suez says waste volumes stronger, eyes acquisitions

jueves 24 de abril de 2014 05:01 GYT

* Australian, Chile currency weakness weighs on earnings

* Waste volumes up for the first time in two years

* Suez could spend up to 700 mln euros on 2014 acquisitions (Adds detail on takeover budget)

By Geert De Clercq

PARIS, April 24 (Reuters) - France's Suez Environnement said the volume of waste it treated in the first quarter had grown for the first time in two years and that it could spend up to 700 million euros on acquisitions this year.

Suez's first-quarter core earnings fell 2.2 percent to 552 million euros from an adjusted 564 million a year earlier, mainly because of the depreciation of the Australian dollar and the Chilean peso against the euro.

The world's number-two waste treatment and water company after French peer Veolia said it endured a negative exchange rate impact of 94 million euros on revenue, 30 million euros on EBITDA and 55 million euros on net debt.

Chief Financial Officer Jean-Marc Boursier told an earnings call that the problem was not the level of the euro, but that the Australian and Chilean currencies had fallen against the euro, reducing the contribution from its operations in those countries.

Revenue fell to 3.35 billion euros from an adjusted 3.42 billion. The weak Australian dollar cut revenue by 41 million euros, while the Chilean peso had an impact of 33 million.   Continuación...