The scrap recycling and environmental services operations of French group Derichebourg recorded a 7 per cent decline in turnover to €590m in the third quarter of its financial year. Both scrap volumes and margins were impacted by the deteriorating economic climate, the company reported on Thursday. While non-ferrous metals volumes were down 8.6 per cent, the overall tonnage was 3.1 per cent lower than one year ago, according to Derichebourg.
The recycling division’s total turnover in the first nine months of the 2011/12 financial year, which started on 1 October, declined 8.5 per cent to €1.761bn. The ferrous and non-ferrous scrap metals tonnage was down 6.1 per cent at 3.497m tonnes in the first three quarters.