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/

+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