AUG.L Regulatory News (AUG)

11 Jan 2008 07:00

Augean Plc11 January 2008 11th January 2008 Augean Plc ("Augean") Pre-close Trading Update Augean, one of the UK's leading hazardous waste businesses is pleased to updatethe market prior to going into its closed period following the full year oftrading in 2007. During 2007, market growth for hazardous waste has remained constrained byuncertainty around the timetable for effective implementation of the change inregulation. As previously indicated, results for the year ended 31st December2007 will be broadly in line with market expectations. Within the treatment division, the second half of the year has seen the salesdevelopment plan deliver improvement across all the divisional operations, whichin 2008 will be supplemented by the acquisitions of Hitech Equipment Limited andChemical Recoveries Limited, made at the end of the second half. Integration ofthese businesses is on plan. Volumes in the landfill division for 2007 were constant at 235,000 tonnes withprices remaining stable. The 50:50 Joint Venture Terramundo has had anencouraging start with volumes at 12,000 tonnes during the period. Terramundo isanticipated to continue to grow and make a positive contribution in 2008. The Directors expect further progress to be made in the current year, with thelevel of growth achieved remaining in part dependent on conditions in thesector. Preliminary results for the year ended 31st December 2007 will be announced on11th March 2008. - Ends - For further information, please contact: Paul Blackler, CEO, Augean Plc 01937 844 980 Peter Southby, Finance Director, Augean Plc 01937 844 980 Jonathon Brill/Billy Clegg/Edward Westropp, Financial 020 7831 3113 Dynamics This information is provided by RNS The company news service from the London Stock Exchange