Remondis increases revenues to €11.5bn in 2021

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Boosted by climbing commodities prices, Remondis' revenues were up sharply last year. In response to a press enquiry submitted by wire service dpa, Germany's largest waste management company said it had generated €11.5bn in revenue in 2021, a significant increase over the approximately €8.2bn it had brought in a year earlier. When parent group Rethmann drew up its annual report for 2020, the group had still been expecting revenues to remain stable year-over-year.

Last year's turnover figure with at the very least have solidified Remondis' position among the world's largest waste management companies. In absolute terms, Remondis' revenue growth of €3.3bn outstripped that of its German competitor Prezero and also exceeded Prezero's total turnover. The Lidl sister company tripled its revenues last year to €2.1bn.

Remondis explained the strong increase in turnover with the higher prices it had been able to ask for recyclate and secondary raw materials, such as plastic regranulate or scrap metal. The waste management company did not divulge any information regarding its profit figures.

In previous years, however, Remondis had achieved annual profits of around €60m from its public private partnership (PPP) activities alone. The concern had around 40,000 people on staff last year, about 2,000 more than in 2020. 1,400 employees work in Lünen, home the Remondis Lippe industrial recycling centre, which process-es around 1 million tonnes of waste from a variety of material streams annually. (dpa / EUWID)

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