"In the midst of the most severe economic crisis of the last fifty years, GDF SUEZ turned in a sound operating performance that strongly supports its business objectives. Our continuing profitable growth in the first half is a clear demonstration of the efficacy of the Group’s strategy and its financial strength, as well as the power of its balanced, diversified, integrated business model.
This growth was accompanied by strong cash generation and debt reduction, allowing GDF SUEZ to strengthen its financial condition in the face of the economic crisis, maintain its ambitious €3 billion investment program over 3 years, and continue its implementation of a dynamic policy of delivering high returns to our shareholders.
Nevertheless, the Group is well aware of the current macroeconomic and sectoral difficulties. It will confront these challenges first and foremost through its strategic positioning, but also with targeted, forceful measures which have generally anticipated and countered the effects of the crisis.
We continue to maintain the objectives for 2009 that were set for the Group in March.
The strength of GDF SUEZ, the commitment of its teams, and its balanced, diversified growth model put the Group in an ideal position to reap rapid benefits when growth returns in its major markets."
Gérard Mestrallet
Chairman and Chief Executive Officer of GDF SUEZ | 
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