DERICHEBOURG Paris, November 16, 2015
Revenue for the Derichebourg Group totaled €2.4 billion for the 2014-2015 fiscal year, down 6.4% compared to last year, due to the combined effects of a sharp decrease in raw material prices and a drop in volumes processed, which were partially offset by revenue growth from the Multiservices business.
in millions of euros | 4th quarter 2015 | 4th quarter 2014(1) | Change | On a like- for-like basis and at constant exchange rates | 9/30/15 | 9/30/14(1) | Change | On a like- for-like basis and at constant exchange rates |
Environmental Services | 345.5 | 468.4 | (26.2%) | (26.7%) | 1,674.1 | 1,887.6 | (11.3%) | (13.1%) |
Business Services | 174.2 | 153.1 | 13.8% | 7.0% | 681.3 | 627.8 | 8.5% | 7.2% |
Holding Companies | (0.1) | 0.1 | NA | NA | 0.7 | 0.8 | (11.7%) | (11.7%) |
Total revenue | 519.7 | 621.6 | (16.4%) | (18.4%) | 2,356.1 | 2,516.3 | (6.4%) | (8.1%) |
(1) adjusted pursuant to IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements
Environmental Services
Revenue from Environmental Services came to €1,674.1 million, down 11.3% over the fiscal year.
As predicted in last quarter's press release, prices for raw materials sold by the group sharply declined during the 4th quarter of 2015 (between €45 and €50 /t decrease from June to September for ferrous metals). Raw material prices are at historic lows for the past ten years, and the potential for falling even further seems limited from this point on.
Against this sluggish economic backdrop, the group is working on maintaining unit margins and putting production capacities on standby for products with insufficient utilization rates, in an effort to tackle declining volumes. The group also made some strategic acquisitions in the Provence Alpes Côtes d'Azur region and is planning some in Ile de France in the near future, which will extend its geographical coverage and provide more volumes for production equipment.
Non-ferrous metal volume sold rose 1.7% compared to last year. The table below details changes in revenue for the division:
(in thousands of tons) | 2015 | 2014(1) | Variation | On a like- for- like basis |
Environmental Services | ||||
Ferrous metals | 3,232.9 | 3,624.1 | (10.8%) | (10.8%) |
Non-ferrous metals | 480.1 | 471.9 | 1.7% | 1.7% |
Total volumes | 3,713.0 | 4,096.0 | (9.4%) | (9.4%) |
(in millions of euros) | 2015 | 2014(1) | Variation | On a like- for-like basis and at constant exchange rates |
Environmental Services | ||||
Ferrous metals | 763.8 | 969.1 | (21.2%) | (22.6%) |
Non-ferrous metals | 658.0 | 661.1 | (0.5%) | (1.4%) |
Services | 252.3 | 257.5 | (2.0%) | (7.6%) |
Total revenue | 1,674.1 | 1,887.6 | (11.3%) | (13.1%) |
(1) adjusted pursuant to IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements | ||||
Business Services
Revenue for Multiservices grew 8.5% over the year (7.2% on a like-for-like basis). Growth was 13.8% for the 4th quarter, (7% on a like-for-like basis), including Safira's contribution, which has been wholly-owned since September. With the exception of the Energy business, which achieved substantial growth last year and underwent a tier consolidation this year, revenue for all businesses rose: Cleaning; Aeronautics (especially in Spain and in Germany); Temporary Work (both specialty aeronautics and general) and Urban Maintenance.
The business and financial data that will be presented at the end of the Board of Directors meeting held to approve the financial statements as of and for the year ended September 30, 2015, which is to be held on on December 4, will show an improvement in EBITDA compared to last year. This Board of Directors meeting will be held during the COP 21 sustainable innovation forum, of which Derichebourg is an official partner. The COP 21 sustainable innovation forum is an important event for environmental protection, and recycling is one of the largest contributors.
Notes: Quarterly revenue(in millions of euros) | 2015 | 2014(1) | Variation | On a like- for-like basis and at constant exchange rates |
Environmental Services | ||||
1st quarter | 415.4 | 450.3 | (7.7%) | (9.1%) |
2nd quarter | 452.7 | 497.1 | (8.9%) | (11.4%) |
3rd quarter | 460.6 | 471.9 | (2.4%) | (5.4%) |
4th quarter | 345.5 | 468.4 | (26.2%) | (26.7%) |
Total | 1,674.1 | 1,887.6 | (11.3%) | (13.1%) |
Business Services | ||||
1st quarter | 165.1 | 159.5 | 3.5% | 5.3% |
2nd quarter | 162.6 | 154.4 | 5.3% | 6.2% |
3rd quarter | 179.4 | 160.8 | 11.6% | 10.0% |
4th quarter | 174.2 | 153.1 | 13.8% | 7.0% |
Total | 681.3 | 627.8 | 8.5% | 7.2% |
Holding Companies | ||||
1st quarter | 0.5 | 0.5 | NA | NA |
2nd quarter | (0.3) | 0.0 | NA | NA |
3rd quarter | 0.5 | 0.2 | NA | NA |
4th quarter | (0.1) | 0.1 | NA | NA |
Total | 0.7 | 0.8 | NA | NA |
Total revenue | 2,356.1 | 2,516.3 | (6.4%) | (8.1%) |
H1 total | 1,195.9 | 1,261.9 | (5.2%) | (6.3%) |
H2 total | 1,160.2 | 1,254.4 | (7.5%) | (9.9%) |
Total revenue | 2,356.1 | 2,516.3 | (6.4%) | (8.1%) |
(1) adjusted pursuant to IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements | ||||
|
distributed by
|
