SECHE ENVIRONNEMENT (EPA:SCHP) Revenue Q1 2010 up 5.2%

Transparency directive : regulatory news

28/04/2010 17:40

Press Release

Changé, April 28, 2010

Business on the rise in Q1 2010

Revenue up 5.2%

Dynamic sales in an improved economic environment

* HIW: back on the growth track under more favorable market conditions

* NHIW: confirmation of positive trends initiated in late 2009

Hime/Saur: Revenue up 0.2% to EUR 355.7 million

* Water: robustness of businesses in France impacted by delays in Works

* Waste: more positive trends in the recycling businesses

Séché Environnement's consolidated revenue amounted to EUR 92.3 million at
March 31, 2010, representing a 5.2% increase year-on-year.

This solid performance is partially attributable to the weak comparison base of
Q1 2009, but also reflects Séché Environnement's sales momentum in today's
more positive environment.

In particular, the Non Hazardous Industrial Waste (NHIW) division recorded the
full contribution of biogas energy recovery, which was still in the development
phase last year, thus confirming the positive trends that arose in H2 2009.

The Hazardous Industrial Waste (H IW) division was aided this quarter by the
materialisation of sales developments in a healthier industrial environment.

The division's strong showing in Q1 thus reflects a satisfactory level of
activity for all Séché Environnement businesses, but must nevertheless be
reviewed in light of the persistently uncertain economic outlook for the
current financial year.

For these reasons, Séché Environnement has confirmed its minimum assumption
of stable revenu in 2010.

Consolidated figures in EUR m under IFRS
At March 31                              2009     2010     2010/2009
                                                            change

Hazardous Industrial Waste               61.9     64.7       +4.5%
Non Hazardous Industrial Waste           25.9     27.6       +6.9%
Net consolidated revenue                 87.8     92.3       +5.2%

Over the course of Q1 2010, Séché Environnement saw all of its businesses
improve on last year, in France and abroad:

- With revenue of EUR 27.6 million at March 31, 2010, NHIW (30% of consolidated
  revenue) gained 6.9% compared to the same period last year.

  The division confirmed the positive trends which arose in H2 2009 and also
  received the full contribution of sales of green electricity derived from
  biogas recovery.

  Sales of electricity generated by biogas recovery totalled EUR 1.9 million in
  Q1 2010 versus EUR 1.3 million in Q1 2009. Bear in mind that the energy
  recovery facilities were still in the development phase this time last year.

  Excluding energy recovery, the division posted satisfactory business growth,
  with revenue up 4.6%.

- HIW (70% of consolidated revenue) posted a 4.5% rise in revenue versus
  March 31, 2009 to EUR 64.7 million.

  In Q1 2010, Séché Environnement saw substantial growth on its regulated
  niche markets, such as PCB treatment, and was driven by an improved
  industrial environment across all of its businesses.

  Q1 2010 also benefited from the growing contribution of the Group's global
  offerings on the buoyant waste management outsourcing markets.

  Outside France, revenue was aided by better business conditions, particularly
  in Spain, thus climbing by an impressive 8.7% on Q1 2009 to EUR 5.2 million.
  At a constant exchange rate, revenue picked up by 8.1%.

Outlook

Séché Environnement boasts an exclusive positioning on the buoyant waste
management and recovery markets.

Growth in these businesses is linked to the enhancement of regulatory
constraints imposed on waste producers within the framework of European and
French laws on the environment, health and sustainable development.

NHIW benefits in particular from the regulations arising from the Grenelle de
l'Environnement, aimed at reducing the number of obsolete sites and developing
waste recovery.

Thus, the highly incentive-building modulation of the TGAP(1), starting in
2010, encourages the redirection of flows to facilities such as those belonging
to Séché Environnement, with ISO 14001 certification, practising energy
recovery and boasting vast available capacities.

(1) Taxe Générale sur les Activités Polluantes (general tax on polluting
activities) charged to waste producers

These markets generate opportunities for Séché Environnement to propose new
sales offers to local administrations.

Through its HIW division, Séché Environnement works with solid industrial
clients operating in diversified, sustainable business sectors, in which the
Group also presents innovative sales offers via long-term contracts.

These positive trends support Séché Environnement's medium-term prospects
across all of its businesses.

Over the course of financial year 2010, however, the continuation of growth at
the rates seen in Q1 2010 must be assessed in light of the weak 2009 activity
base and the uncertainties surrounding the development of the industrial
climate in France.

Hime-Saur's consolidated revenue at March 31, 2010

Hime's consolidated revenue at March 31, 2010 amounted to EUR 355.7 million,
i.e. an increase of +0.2% on Q1 2009.

This slight increase can be attributed to:

- the robustness of the Water businesses: return to a higher level of activity
  outside France (+ 15.8% to EUR 25.3 million) and the solidity of the Water
  and Decontamination markets in France were overshadowed by delays in
  Construction;

- the return of more favourable business conditions in the Waste Management
  Services businesses, particularly in the recycling activities, mainly helped
  by the improvement in secondary commodities prices but still at persistently
  limited volumes.

Consolidated figures in EUR m under IFRS
At March 31                                   2009     2010     2010/2009
                                                                 change
Water                                        285.2    282.2       -1.0%
Environmental Services                        69.8     73.5       +5.4%
Consolidated revenue                         354.9    355.7       +0.2%

      A telephone conference will be held today in French at 6pm precisely
                                (Paris time)
                             at: +33 172 001 366
                   where you will be welcomed by a hostess.

            The presentation of the resu lts is also available at:

http://www.groupe-seche.com/majic/pageServer/1b0100000m/fr/
Presentations-SFAF.html

Calendar:

Publication of the consolidated results as at June 30, 2010 on August 31, 2010
(after market).

About Séché Environnement

Séché Environnement is one of the leading players in the treatment and
storage of all types of non-radioactive industrial and household waste in
France. Its facilities enable it to offer high-quality global solutions that
incorporate all environmental requirements.

It is the leading independent operator in the country with a unique positioning
at the hub of the high value-added waste recovery, treatment and storage
markets.

The Group offers integrated specialized services:

   treatment (by incineration, physical-chemical treatment and solvent
   regeneration) and processing for energy recovery of hazardous and
   non-hazardous industrial waste (HIW and NHIW);

   storage of final residue comprised of hazardous or non-hazardous industrial
   waste (HIW and NHIW).

In April 2007, Séché Environnement acquired a 33% stake in Saur Group, the
No. 3 player in the Water and Environmental Services sector in France.

Séché Environnement has been listed on Eurolist by Euronext since
November 27, 1997.

Eurolist - Compartment B - ISIN: FR 0000039139 - Bloomberg: SCHP.FP -
Reuters: CCHE.PA)

Contacts
Séché Environnement
Manuel Andersen
Head of Investor Relations
+33 (0)1 53 21 53 60
m.andersen@groupe-seche.com

Important notice

This press release may contain information of a provisional nature. This
information represents either trends or targets at the date of the press
release's publication and may not be considered as results fore casts or as any
other type of performance indicators. This information is by nature subject to
risks and uncertainties which are difficult to foresee and are usually beyond
the Company's control, which may imply that expected results and developments
differ significantly from announced trends and targets. These risks notably
include those described in the Company's Registration Document, available on
its website (www.groupe-seche.com). This information there fore does not
reflect the Company's future performances, which may differ considerably, and
no guarantee can be given as to the achievement of theses forward-looking
figures. The Company makes no commitment on the updating of this information.
More comprehensive information on the Company can be obtained on its website
(www.groupeseche.com), in the Regulated Information section. This press release
represents does not constitute an offer of shares nor a solicitation in view of
an offer of shares in any country whatsoever, including the United States.
Distribution of this press release may be subject to the laws and regulations
in force in France or abroad. Persons in possession of this press release must
be aware of these restrictions and observe them.

Registered office: Les Hêtres - BP 20 - 53811 Changé Cedex

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