Member Article

Yorkshire waste management firm reports 13% growth in revenue

Wetherby’s Augean, awaste management businesses, reported group revenues in 2013 rose by 13% to £47.8m (2012: £42.4m),

According to the report, this was driven by strong second half performances from the continuing operations of the Group.

Adjusted profit before tax for 2013 is “expected to be line” with the revised expectations adopted following publication of the Interim Results.

As reported in September, the board took the decision to sell or close the underperforming Waste Network division.

The Waste Network division has now closed and with £1m per annum of overhead reductions.

Following the Waste Network closure certain assets were retained and a new business, Augean Integrated Services (AIS) established.

AIS began operations on 2nd January and will be focused on clients requiring total waste management services, utilising Augean’s expertise in the management and disposal of hazardous wastes.

Augean North Sea Services (ANSS) delivered significant growth in revenues. The Oil & Gas Services division improved its performance in the second half of the year. Revenues from the division were slightly ahead of the previous year.

Dr Stewart Davies, Chief Executive Officer commented: “The performance of the Group in the second half was encouraging as trading improved in the businesses where we will have continuing operations during 2014.

“We have continued to benefit from our ability to provide an integrated offering to our customers and believe we are well positioned to strengthen our position in the growing specialist waste markets.”

This was posted in Bdaily's Members' News section by Clare Burnett .