All of our objectives for 2009 were achieved despite a challenging economic environment.
«GDF SUEZ posted stronger results, despite a sharp decline in the international petroleum business, which was affected by the impact of the economic crisis and commodity prices. This performance should be compared to a record year in 2008. Despite the crisis, the Group continued to make significant investments, of almost €20 billion over the last two years. These investments will contribute to growth in the Group’s EBITDA beginning this year, with accelerated growth in 2011. The Group has also strengthened its Efficio performance plan. This improvement in the plan will allow us to achieve gains of €1,950 million beginning in 2011, an increase from the €1,800 million originally anticipated. Our industrial strategy and the strength of our business model and financial structure has allowed us to achieve all the objectives we set for 2009. In 2010, the Group will continue to invest in all of its businesses and geographic areas where it has a presence and will continue to create jobs. This is the strategy that we implemented with the merger, and it will allow the Group to take full advantage of the economic recovery wherever the opportunity presents itself.»
Gérard Mestrallet Chairman and Chief Executive Officer of GDF SUEZ