CHANGÉ, France--(BUSINESS WIRE)--For several years, Séché Environnement (Paris:SCHP) has been operating in sluggish markets, but the Group has been able to compensate for this by several significant commercial successes which have enabled it to maintain satisfactory revenue growth.
In the first half of 2014, a period when markets in general, but particularly industrial sectors, have remained lackluster in France, the Group was not able to benefit from contributions from any major new contracts.
For these reasons, the Group now anticipates a reduction in consolidated revenue (excluding IFRIC 12) for the first half of 2014 around of 6% compared with the same period in the previous year, which will make the stability objective announced at the beginning of the current year1 more difficult to attain.
The reduction in consolidated activities, and exceptional periods of unavailability of certain waste treatment facilities during the period, lead Séché environnement to anticipate a reduction in operating income in the first half of 2014 of the order of EUR 10 million compared with the first half of 2013.
Séché Environnement is confident in its ability to win new markets, relying on its recognized expertise in waste treatment and materials recovery, and the quality of its industrial facilities, and thereby to restore progressively the conditions for its future growth and profitability.
Consolidated revenue as at June 30, 2014 July 29, 2014 after market
About Séché Environnement
Séché Environnement is one of the leading players in the treatment and storage of all types of non-radioactive industrial and household waste in France, whether from industry or from local communities. Its facilities enable it to offer high-quality comprehensive solutions that incorporate all environmental requirements.
Séché Environnement is the leading independent operator in the country with a unique positioning at the hub of the high value-added waste recovery and treatment markets.
The Group offers integrated specialized services:
- recovery or energy recovery of hazardous and non-hazardous waste;
- treatment (incineration, physical-chemical, etc.);
- storage of ultimate hazardous and non-hazardous waste.
It is actively developing its business on waste management outsourcing markets for its clientele of large communities and major industrial companies.
Séché Environnement has been listed on Eurolist by Euronext since
November 27, 1997
Compartment B – ISIN: FR 0000039139 – Bloomberg: SCHP.FP – Reuters: CCHE.PA)
This press release may contain information of a provisional nature. This information represents either trends or targets at the date of the press release's publication and may not be considered as results forecasts or as any other type of performance indicators. This information is by nature subject to risks and uncertainties that are difficult to foresee and are usually beyond the Company's control, which may imply that expected results and developments differ significantly from announced trends and targets. These risks notably include those described in the Company’s Registration Document, which is available on its website at (www.groupe-seche.com). This information therefore does not reflect the Company's future performances, which may differ considerably, and no guarantee can be given as to the achievement of these forward-looking figures. The Company makes no commitment on the updating of this information. More comprehensive information on the Company may be obtained in the Documentation section of its website at www.groupe-seche.com under Regulated Information. This press release does not constitute an offer of shares nor a solicitation in view of an offer of shares in any country whatsoever, including the United States. Distribution of this press release may be subject to the laws and regulations in force in France or abroad. Persons in possession of this press release must be aware of these restrictions and observe them.
1 See Press release dated April 29, 2014