Derichebourg: stock up after trading update

(CercleFinance.com) - Derichebourg shares are up 4% this morning after the group announced quarterly underlying EBITDA of 85.
9 million euros, figure slightly below last year's level (E90.1m), albeit on sales that are up 12.4% at 1.08 billion euros.

In the environmental services business the first few months of the financial year have been marked by sales volumes impeded by high energy prices and cautious economic forecasts, it said.

Derichebourg has nevertheless adopted an improved outlook for the coming months, with electricity prices having fallen sharply since last autumn, and demand for non-ferrous metals picking up again - particularly for aluminium.


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