French scrap recycling and services group Derichebourg announced a significant improvement in its operating result and a reduction in the net loss for its financial year 2013/14 at the end of last week. The company recorded a net loss of €8.4m for the year closed on 30 September, down from a net loss of €32.1m one year before.
While Derichebourg's turnover declined 3 per cent to €2.561bn, its operating result improved by almost half to €30.7m. This increase is exclusively due to the group's recycling and environmental services division, while its second division, corporate services, saw a slight reduction in operating earnings.
In its current financial year, the group aims to raise the margin of its recycling and environmental business at the level of earnings before interest, tax, depreciation and amortisation (Ebitda), "in spite of the difficult economic times". Derichebourg added that the group would continue to watch the utilisation ratio of its treatment capacities and take action if necessary.