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We are pleased to announce its preliminary results for the year ended 31 December 2016.
From continuing operations and excluding exceptional items
From continuing operations including exceptional items
Commenting on the Results, Dr Stewart Davies, Chief Executive Officer, said:
"2016 saw the Group deliver double digit growth in revenue, operating cash flow and EBITDA. At an operational level, the Group has achieved a number of key strategic goals including securing further contracts with top tier customers and a significant increase in APCR volumes, reaffirming our integrated waste management proposition with our customers.
We have seen good momentum across our portfolio of businesses and remain well positioned to take advantage of opportunities across a broad number of sectors. The Group's cash generation and balance sheet remain robust and the Board remains confident of maintaining its track record of year-on-year increases in profitability in 2017."
(1) EBITDA means earnings before interest, taxation, depreciation and amortisation(2) Return on capital employed is defined as operating profit divided by average capital employed, where capital employed is net assets excluding net debt