Augean, one of the UK’s leading specialist waste management businesses provides the following trading update. Due to stronger Group trading performance in the second quarter, the Group’s profit for the year to 31 December 2019 is expected to be ahead of market expectations. Results have benefitted from higher landfill volumes across most waste types, increased radioactive waste profit and good performance of both the treatment and North Sea businesses. Further improved trading results has also led to increased net cash in bank which is currently c. £20.0 million.
The Group expects to announce its Interim Results for the six months ended 30 June 2019 on Wednesday 17thJuly.