Trading Update

RNS Number : 9162O

Shanks Group PLC

26 September 2013

 



Shanks Group plc

("Shanks" or "the Group")

Pre-Close Trading Update

Shanks Group plc, a leading international sustainable waste management business,today announces its pre-close trading update for the six months ending 30 September 2013, ahead of its interim results which will be released on 7 November 2013.

During the first half the Group has continued to trade in line with the Board's expectations across all four of its divisions. 

Divisional highlights include:

·      Benelux Solid Waste performing resiliently despite challenging markets, with continuing pressure on recyclate income and low volumes in the Netherlands in particular

·      UK Solid Waste continuing to experience very tough market conditions, with ongoing volume pressure

·      Hazardous Waste delivering robust performance, in particular in soil and water treatment

·      Organics commissioning new assets at its Amsterdam Anaerobic Digestion facility and enjoying good volumes in its Dutch composting plants

·      Good performance from UK Municipal, with major build programmes on track

·      Cost savings programme progressing on plan

The Board remains confident that the Group will deliver a trading result in line with its expectations for the full year ending 31 March 2014.

26 September 2013

For further information:

College Hill	[phone]
Mike Davies
Helen Tarbet
Kim Peters

Notes to editors

Shanks Group is a leading international sustainable waste management business. We meet the growing need to manage waste without damaging the environment. Our solutions reduce greenhouse gas emissions, recycle natural resources and limit fossil fuel dependency.

Shanks uses a range of sustainable and cost-effective technologies to make valuable products from what is thrown away and generate increasing returns for shareholders. We produce green energy, recovered fuel, recycled commodities and organic fertiliser.

Shanks operates in four divisions that reflect our markets: Solid, Hazardous, Organics and UK Municipal. It has operations in the Netherlands, Belgium, UK and Canada and employs around 4,000 people.

In its target markets, the Group is at the forefront in providing sustainable waste management solutions for both the public and private sectors.

For more information, visit: www.shanksplc.com 

 

END

 

 

TSTLAMATMBITBBJ