Augean was formed in September 2004 and listed on the Alternative Investment Market (AIM). The Group strategy is to build and grow a specialist company competent to deliver extremely high standards of service to our clients underpinned by modern technology led infrastructure and to become the market leader in delivering solutions to difficult to handle waste streams from industrial society.

The Group strategy is underpinned by European Directives
transposed into UK regulations:
Landfill Directive
Hazardous Waste Directive
Integrated Pollution Prevention & Control Directive
Waste Framework Directive

The Directives focus on recognising waste as a resource, that
the UK infrastructure for handling waste needs to be modernised
and that difficult and hazardous wastes need specialist facilities and
technologies to manage them more responsibly.

The board delivers shareholder value by focusing on the management
of specialist wastes, usually of a hazardous nature and often in niche
markets, using proven technology, trained and highly skilled staff
utilising internationally recognised management systems.


http://www.augeanplc.com/

Pre-close trading update

RNS


RNS Number : 0331N

Augean Plc

23 July 2014








23rdJuly 2014



Augean plc

("Augean" or "the Group")



Pre-close trading update



Augean, one of the UK's leading specialist waste management businesses, provides the following update to the market prior to commencement of its close period ahead of issuing its half year results for the six months ended 30th June 2014.



Group revenues rose by 6% to £24.9m (H1 2013: £23.4m), with revenue growth in each of the five business divisions.



The Energy & Construction division (formerly Land Resources) continued to grow the volumes of air pollution control residues (APCR) from Energy from Waste customers, treated at the East Northants and Port Clarence sites, and the treatment and disposal of hazardous waste volumes. Total waste volumes into the landfill sites during the first six months were 151,125 tonnes. The pipeline of work for the remainder of the year suggests that expectations for 2014 could be exceeded.



The Radioactive Waste Services division delivered an increase to the volumes disposed. A total of 2,453 tonnes were received in the first six months, with the pipeline of work for the remainder of the year suggesting that expectations for 2014 could be exceeded.



The newly formed Augean Integrated Services (AIS) division grew revenues during the first half, with new contracts secured with high value manufacturing customers requiring a broad waste management service. The facility at East Kent, now managed as part of AIS, has experienced delays in securing new waste volumes which were expected to drive improvements in operating profit and as a consequence AIS is significantly behind its plan. However good progress is now being made on converting contractual opportunities for later in the second half of the year and the East Kent facility continues to hold significant medium term potential and remains a key part of Augean's comprehensive service strategy.



As reported at the time of the Annual General Meeting in June, Augean North Sea Services (ANSS) suffered a slow start to the year as drilling activity was curtailed in the North Sea by poor weather conditions. The business made a strong recovery from that early position during the second quarter, gaining incumbency on new drilling operations and further expanding onshore waste management activities, and is now in line with its plan for the year.



The Industry & Infrastructure division (formerly Oil & Gas Services) was impacted by the slow-down in drill cuttings volumes during the first quarter. However, performance across the three processing sites remained sufficient to deliver a year on year improvement to operating losses and results for the first six months were satisfactory.



During the first six months of the year the Group completed two transactions: the sale of its former Waste Network assets and the purchase of the East Kent site. The net cash outflow required to complete these transactions and support the capital investment programme was offset by positive cash inflows from operations. Net debt at the end of the period was approximately £8.9m (H2 2013: £8.5m), well within the headroom available from the Group's loan facilities.



We are pleased to announce that, from September, the Energy & Construction business will be led by a new divisional director, Andrew Woolcock. Andrew has more than 20 years' experience in the waste and Energy from Waste sectors working with companies including Martin Engineering Systems, FCC and Ramboll. As a business leader in Energy from Waste engineering and operations he has worked on much of the new waste infrastructure introduced in recent years and is well known in the waste management industry.



Commenting on the first half of the year Dr Stewart Davies, CEO, said:



"We are seeing clear signs of the opportunities that the new strategy is opening up for the Group with positive revenue growth across all five divisions. While the first quarter was impacted by a number of one-off issues, the overall performance in the second quarter and pipeline of work in the Energy & Construction and Radioactive Waste Services divisions give me confidence in delivering the strategy announced in March. The Group continues to trade in line with market expectations for the full year."



The Group's half year results to 30th June 2014 are expected to be announced on 23rd September 2014.





-Ends-

Final results
RNS
RNS Number : 2379I
Augean Plc
24 March 2015



24 March 2015



Augean plc ("Augean" or "the Group")



Final results for the year ended 31 December 2014



Augean, one of the UK's leading specialist waste management businesses, announces its preliminary results for the year ended 31 December 2014.

Group financial highlights

From continuing operations and excluding exceptional items

· Revenue increased by 26% to £55.0m (2013: £43.5m)

· Profit before tax increased by 22% to £5.4m (2013: £4.4m)

· Net operating cash flows increased by 18% to £7.7m (2013: £6.5m)

· Return on capital employed (1) increased to 10.7%, from 8.9% in 2013.

· EBITDA(2) increased by 29% to £10.0m (2013: £7.8m)

· Basic earnings per share increased to 4.13p (2013: 3.29p)

· Net debt decreased by £2.8m to £5.7m (2013: £8.5m)

· Proposed dividend per share of 0.50 pence, an increase of 43% (2013: 0.35 pence).



Operational highlights and strategic developments

· All five businesses grew revenue and profit in 2014

· Strategy has traction - delivering financial performance

· Growth in APCR(3) volumes, within the Energy & Construction business, with returns made on 2013 investment

· Increase in revenues from low level radioactive waste, admittance to the LLWR(4) treatment framework, for the Radioactive Waste Services business

· Improved performance and profit from Industry & Infrastructure business

· Key Total Waste Management contract wins for Augean Integrated Services

· Further progress for East Kent HTI(5) since acquisition

· Significant expansion of Augean North Sea Services (ANSS) business throughout 2014, with 57% revenue growth

· Appointment of Richard Laker to Board as Group Finance Director in September 2014

· Growing portfolio of blue-chip customers, with 80% of our top 20 customers (by sales revenue) now serviced through formalised agreements



Outlook

· Strong start to 2015 across all five business units

· Four out of the five businesses focused on growing markets

· ANSS has low operational gearing and is diversifying into non-drilling related activities

· Potential to leverage balance sheet and accelerate investment

· Ongoing commitment to grow shareholder value



Commenting on the Results, Dr Stewart Davies, Chief Executive Officer, said:

"The Group has delivered a strong set of results in 2014 underpinned by growth in revenue, profit and operating cash flow. Growth was seen across all five businesses validating our focus on growing shareholder value by developing sustainable market positions in each business. We have made significant progress in moving more of the Group's revenues from 'spot' or short-term contracts to long-term contracts and frameworks which has provided increased visibility for the order book.

The Board believes that the Group's customer-focused, service-led businesses are well positioned to take advantage of opportunities in each of the markets that they serve. The continued execution of the strategy of the wider Group along with an expectation of continuing general UK economic recovery, means that the Board remains confident of another year of increasing profitability and cash flows for the Group as a whole in 2015."

There will be a meeting for analysts at 9.30am today at the offices of FTI Consulting, 9th Floor, 200 Aldersgate, Aldersgate Street, London, EC1A 4HD. For further information please call 020 3727 1203.

Pre-close interim trading update
RNS
RNS Number : 5723T
Augean Plc
21 July 2015



21 July 2015



Augean plc

("Augean" or "the Group")



Pre-close interim trading update



Augean, one of the UK's leading specialist waste management businesses, provides the following update prior to commencement of its close period, ahead of issuing its interim results for the six months ended 30 June 2015.



Group performance



The Group performed strongly in the first half of 2015 and underlying profit before tax is expected to be in line with market expectations.



Business unit performance



The Group operates five business units, in a diverse range of markets. The performance of those businesses in the first half of 2015 is summarised as follows:



· Continued strong performance from Energy & Construction, with an increased level of tonnage sent to landfill, in particular from high volumes of construction soils in the first quarter of the year;

· Successful six months for Radioactive Waste Services with higher total revenue compared to the first half of 2014, in particular from activities related to the decommissioning of the nuclear estate;

· Broadly flat profitability from Industry & Infrastructure compared to the first half of 2014, with margin improvements offset by short-term impacts in the resale markets for recovered fuels;

· Continued traction in Augean Integrated Services, in particular as a result of the increased amount of total waste management contracts won during the period and further strengthening of the commercial pipeline;

· Significant growth in revenues and operating profit from Augean North Sea Services compared to the first half of 2014, with strong trading performance throughout the first half of 2015. Notable new contract wins with operators and tier-1 customers were also signed in June 2015 and July 2015, including a first contract for decommissioning-related naturally occurring radioactive material (NORM) with a major operator, which will be delivered in conjunction with the Radioactive Waste Services business.





Dr Stewart Davies, 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 30 June 2015 are expected to be announced on 22 September 2015.



-Ends-

Directors Dealing
RNS
RNS Number : 2567B
Augean Plc
05 October 2015

Augean plc

("Augean" or "the Group")



Directors Dealing





Augean was informed on 5 October 2015 that, on 2 October 2015, Dr. Stewart Davies, Chief Executive Officer, purchased 50,000 ordinary shares of 10p each ("Ordinary Shares") at a price of 54.5 pence per share.



Accordingly, Dr. Stewart Davies has a beneficial interest in 155,000 Ordinary Shares representing 0.15% of the current issued share capital and total voting rights of the Company.





-Ends-

recovery underway.

Interim results
Financial highlights
From continuing operations and excluding exceptional items
· Adjusted revenue before landfill tax increased by 6% to £32.9m (2017: £30.9m1)
· Adjusted profit before taxation2 increased 36% to £4.5m (2017: £3.3m)
· Adjusted EBITDA3 increased by 43% to £8.0m (2017: £5.8m)
· Net cash flows4 increased to an inflow of £8.1m from £0.8m outflow in H1 2017
· Net debt improved to £2.7m (at 31 December 2017: £10.8m). Net debt as at 13 September is £0.4m. The rate of cash generation will slow in H2 as the capital spend to maintain landfill capacity will increase
· Basic adjusted earnings per share5 increased by 21% to 3.18 pence (2017: 2.62p)

Operational highlights
· Good progress on business optimisation programme including cost savings, coherent incentivisation of sales, operations and staff to enhance shareholder value
· Double digit growth from residues from Energy from Waste (EfW) plants despite customers having a disproportionate amount of "downtime"
· Strong growth in framework radioactive waste with revenues up around one third
· Recovery in the market position for soils with the appointment of a reinstated focused team toward the end of H1 - however volumes down by around a third in H1
· Further investment in soil wash plant to extend soil market opportunity
· Increased overall profit at all treatment sites except East Kent
· Continued further diversification in North Sea into industrial services and waste management with reduced drilling volumes has resulted in profit more than doubling
· Strong pipeline of new EfW residue contracts which are expected to enter operation in 2019

+6.93% today.

Trading update
RNS
RNS Number : 9663H
Augean Plc
21 November 2018


21 November 2018

Augean plc
("Augean" or "the Group")
Trading update


Augean, one of the UK's leading specialist waste management businesses provides the following trading update. Due to stronger Group trading performance through the second half, the Group's adjusted profit before tax* for the year is expected to be materially ahead of market expectations. Results from continuing business have benefitted from higher contaminated soil volume, increased radioactive waste profit and strong performance of both the treatment and North Sea businesses.
The Group can confirm that, as expected, it has now moved to a cash positive position with all bank debt repaid.
The Group has exchanged contracts to sell the freehold of a property in Hull for £1.3m, with no profit or loss on sale, with completion of the transaction expected on December 20th.

The Group is performing a strategic review of the operation of the East Kent High Temperature Incinerator facility.

There has been no further update on the assessment notifications from HMRC recently made by the Group.


* adjusted profit before tax is measured as profit from continuing operations before amortisation of intangibles, income and share based payments, exceptional items and taxation

- Ends -

New highs