Veolia sees revenue from recycled paper fall by €46m

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Veolia
Veolia truck pic: Eddie Link: https://www.flickr.com/photos/34085730@N06/33643652495

Global recycling, water and energy company Veolia has released its latest first-half results for 2018, which show that its revenue from recycled paper prices fell by €46 million (£41 million). 

This was out of a total revenue fall from recycled materials of €64 million (£57 million). 

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In the UK and Ireland zone, revenue increased +4.4% to €1.084.9 million (£965 million) due to good private finance incentives and industrial service contract wins. 

The overall consolidated revenue globally was €12,565 million (£11,192 million), a 6% increase compared to 2017 at constant exchange rates. Pre-tax profits were €792 million (£705 million).  

Veolia chief executive and chairman Antoine Frérot said: “The first half of 2018 finished once again in a rhythm of sustained growth of both activity and results. The commercial momentum that began two years ago continues. These strong first half results demonstrate once again the relevance of the two levers of our strategy, growth and operational efficiency, and allow us to be confident in the achievement of our objectives for the full year.”   

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