The French environmental services concern Veolia recorded a fall in revenue from its waste management division by around 3 per cent to €6.266bn in the first nine months of 2016. The concern attributed the decline to a variety of factors, among them the end of major plant construction projects in the UK and the weaker pound.
The volumes handled by Veolia's British and German waste operations were described as "solid". In Germany, good commercial development and higher prices for recovered paper had boosted revenue 6.5 per cent to €697m, the concern reported.
In the UK, the revenue generated between the start of the year and the end of September reached €1.368bn. At constant exchange rates, British revenues were stable and excluding the impacts of the completed construction projects, had even risen by 3.5 per cent, said Veolia. On its home market of France, the division's revenues slipped by 1.6 per cent to €1.868bn. In North America, revenues were 2 per cent lower against the prior-year period, coming in at €593m.
The full report on Veolia's nine-month figures appears in the print and e-versions of EUWID Recycling & Waste Management no. 23/2016 published on 9 November 2016.