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Suez Environnement sees 'tough' market

Suez Environnement, the owner of Sita UK, has posted a 1% decrease in group revenue for the nine-month period ending 30 September 2014.

Group-wide, the company reported revenue of €10.49bn (£8.26bn) compared to €10.59bn in the same period last year.

The Waste Europe division contributed €4.7bn, which was slightly down on the 2013 figure of €4.81bn.

In the UK, business activities expanded primarily due to the commission of the South Tyne & Wear energy-from-waste (EfW) plant and transfer stations in West London. The ongoing schedule for construction of other EfW plants in the UK remained “in line with expectation”.

The volume of waste sent to landfill increased during the nine-month period, but Suez said this “primarily involved inert waste with a lower value-added”.

Elsewhere in Europe, Suez noted a “tough macro-economic environment”, which had resulted in strong pricing pressure in the Benelux and Central Europe, and increasingly in France.

Suez chief executive officer Jean-Louis Chaussade said this situation “weighed on the performance of the Waste Europe division”.

A decrease in the value of secondary raw materials, particularly paper, cardboard and metals, also affected the performance of the business.

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