Lower energy and secondary raw materials prices narrowed revenues and profits for Suez Environnement's European waste management activities in the year 2014. Annual revenues from the division, which includes the Sita group, lay around 2 per cent or €145m below those of the prior year at €6.324bn. Earnings before interest and tax (Ebit) were 12 per cent lower than they had been for 2013 at €265m, according to figures released by the concern on Wednesday in Paris.
Along with its full-year financial results, the French environmental services group announced changes within its management committee. As of 2 April, the European waste activities will be headed by Jean-Marc Boursier, the current CFO of Suez Environnement. He is to exchange roles with Christophe Cros.