Investor Relations
Investor relations. Resilient growth.
Financial information, reports and financing details for lenders, bondholders and partners of SULO Group.
SULO SAS is a European manufacturer of waste collection solutions, headquartered in Colombes, France, and majority-owned by funds managed by Latour Capital.
Key figures 2025
Financial year 2025 at a glance.
Financial year ending 31 December 2025. *Operating cash flow and Adjusted EBITDA are alternative performance measures as defined in the Annual Report 2025. Revenue 2024: €614.9m.
Revenue mix 2025
A balanced business. By region and product line.
No single market dominates: the ten largest customers account for less than 15% of revenue and the largest for less than 5%. Revenue is split evenly between public authorities and B2B customers.
By Business Unit
By product line
2025 highlights
A year of strong momentum. And future-focused growth.
- New governance frameworkA strategic initiative to reinforce agility, alignment and execution across the organisation.
- Shareholding reorganisationA renewed shared ambition with Latour Capital to consolidate the Group’s leadership and accelerate expansion into new markets.
- AcquisitionsGerman Distribution in the United Arab Emirates and JOCA Trading A/S in Denmark.
- Record year for CompactingThe Orwak balers and compactors business achieved its best year to date.
- New products370-litre three-wheel bin, NEXO and in-bin compactors.
- Major contractsContracts secured across Europe, with deliveries of containers in Malaysia and Chile.
- Industrial investmentWelding robot in Sävsjö and a new injection moulding machine in Langres.
Financial calendar
Key dates for investors.
- 22 April 2026
- Annual accounts 2025 approved by the Board of Directors
- 22 May 2026
- General Shareholders’ Meeting
- Q2 2027
- Full-year results 2026 · date to be announced
FAQ
Investor questions.
What was SULO Group’s revenue in 2025?
SULO Group generated revenue of €610 million (sales €609.9 million) in 2025, compared with €614.9 million in 2024. Adjusted EBITDA was €88 million.
Is SULO Group listed on the stock exchange?
No. SULO SAS is a privately held company, majority-owned by funds managed by Latour Capital. It reports regularly to its lenders.
How is SULO Group’s revenue split?
In 2025, France contributed around 30% of revenue, the Nordics around 22%, Compacting around 15%, Germany & CEE and Benelux around 10% each, Iberica & Latam around 9% and Overseas around 4%. By Product Line, bins account for around 30%, stationary containers around 16%, compacting around 12%, services around 24% and trading around 18%.
How dependent is SULO Group on single customers?
Customer concentration is low. SULO Group serves around 15,000 customers; the ten largest account for less than 15% of revenue and the largest for less than 5%.
Investor contact
For questions from lenders, bondholders and rating agencies, please contact the Group Finance team.