Interseroh SE booked earnings before tax (EBT) of €39.3m after adjusting for deconsolidation profits for the 2011 business year, up €6.8m in annual comparison, said the German environmental services provider and raw materials trader. Revenues from continuing activities in its Services, Steel and Metal Recycling segments jumped from €1.8bn to €2.2bn last year, the company announced at its Tuesday press conference in Cologne.
Interseroh sold the companies belonging to its Raw Materials Trading segment to its holding company, the ALBA Group plc & Co. KG., at the end of the third quarter, where they were consolidated with Alba's business division. In the nine months preceding the sale on 30 September, the Materials Trading division had generated sales of €127.8m, around €20 more than in the prior-year period.
For the current year, Interseroh managements is expecting "a volatile, fragile economic environment and sharply fluctuating raw materials prices" as a result of both the European debt crisis and the generally weaker international economy. Its currently an-ticipated sales and earnings to contract slightly in 2012 before picking up again in the following year.