With conditions on the commodities markets improved since October and synergies expected from takeovers, the French recycling and services concern Derichebourg says is confident about its current business year. In the previous financial year, ended 30 September, the company reported both lower revenues and earnings, according to figures published by Derichebourg after the close of trading on Tuesday.
Derichebourg's recycling and environmental division generated revenues of around €1.39bn. The decrease of 17 per cent compared to the year before was due to lower volumes, and above all to lower prices for ferrous and non-ferrous scrap metals. Operating profit from on-going operations slipped 21 per cent to €33m.
Including its "multiservices" division, the company generated consolidated revenue of around €2.147bn, and with that, 9 per cent less in annual comparison. Derichebourg posted a net profit of €12.9m, a little more than half of its net earnings of €28.2m a year earlier.