Augean remains cautious over short-term outlook

WETHERBY-based hazardous waste firm Augean today said it had weathered the worst of the recessionary markets.
By The Newsroom
Published 23rd Mar 2010, 09:29 BST

During 2009, revenue excluding landfill tax was 28.1m, down from the 36.3m recorded the year before.

Adjusted profit before tax was 1.3m, compared to 4m in 2008.

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Paul Blackler, the chief executive, said: "2009 has been without exception the most challenging year the group has faced; we have worked extremely hard to manage the business through these difficult times and continue to focus on our clear strategy for growth with the resources, infrastructure and space to go forward.

"However, 2010 has started slowly with the adverse weather conditions impacting trading in January and into February. Whilst we remain cautious about the short term outlook, the investments in new technology have enabled us to develop our services into new markets and we are well positioned to benefit from any recovery in the UK hazardous waste markets."