Sita’s parent Suez Environnement has reported declines in profits and revenues in its European waste division in 2013, but singled out the UK as a region of growth.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) were down 4.5% year-on-year to €797m (£655m).
The negative performance was driven by a 3% drop in revenues to €6.5bn.
Suez said the reason behind the decline was a 3.2% fall in waste processed because of a deterioration in European industrial output.
The division was also affected by a decline in secondary raw materials prices, with metal prices decreasing by 10% on average and paper by 9%.
Services activities, especially industrial waste collection, also registered a downturn.
However, the company noted its performance improved in the UK, where business grew by 5.4%.
Among its achievement in the country, Suez highlighted the signing of a 30-year public–private partnership contract with Merseyside Recycling & Waste Authority worth €1.4bn and another 25-year deal with the West London Waste Authority worth €1.7bn.
Overall, Suez reported a 40% increase in net income year-on-year, mainly as a result of growth in its international division, which comprises of water and waste operations in the US, Asia, Africa and Australia.