Augean ‘performs strongly’ in first half

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Augean, the specialist waste management businesses, today said it performed strongly in the first half of 2015, and underlying profit before tax is expected to be in line with market expectations.

The group said there was a continued strong performance from energy and construction, with an increased level of tonnage sent to landfill. There was significant growth in revenues and operating profit from Augean North Sea Services compared with the first half of 2014, with strong trading performance throughout the first half of 2015.

Dr Stewart Davies, the chief executive officer, commented: “In the first six months of 2015 we have seen momentum and traction from the group’s strategy as we continue to strengthen our position in specialist waste markets. The board expects a strong trading performance from the group overall to be reflected in growth in earnings and cash flow compared to the first half of 2014. Overall, we remain confident in our position to deliver further sustainable growth for shareholders.”

The group’s interim results for the six months ended June 30 2015 are expected to be announced on September 22 2015.