The French environmental concern Veolia closed out it 2013 business year in its waste division with revenues down by more than 5 per cent in annual comparison at €8.08bn. In addition to currency effects, lower prices for secondary raw materials and decreased processed volumes had contributed to the revenue decline, the concern announced at the release of its annual report on Thursday. Moreover, turnover from municipal waste collection operations had contracted by more than one per cent.
Waste-related revenues decreased by nearly 8 per cent in Germany in 2013. Here too, lower prices and volumes for some secondary raw materials played a role. They were joined by unfavourable developments in the industrial sector, which had likewise contributed to the reduction in the division's revenues from waste activities in Germany.
On the concern's home market of French, revenues from waste operations fell by nearly 3 per cent last year. The concern chalked the drop up to lower prices and volumes, particularly for recovered paper and metal scrap, as well as the growing intensity of competition on the markets for municipal and commercial waste, reported Veolia Environnement.