"Initial encouraging signs in the waste business" were reported by Antoine Frérot, CEO of Veolia Environnement, at the presentation of the group's half-year report in Paris at the start of the week. The division's global sales in the first six months of 2015 stood at €4.308bn.
However, the 3.3 per cent increase compared to the same period last year is exclusively due to exchange rate effects. At constant currency and scope of consolidation, the waste operations recorded a negative growth rate, -0.8 per cent. While volumes and prices improved compared to last year, lower secondary raw materials prices and reduced construction revenue from public-private projects in the UK had a negative effect on turnover, the group reported.