Van Gansewinkel records positive net results in 2015

Source: Van Gansewinkel Group

Eindhoven, The Netherlands — Van Gansewinkel has improved its position in the waste management and recycling sector in the past year. This can be concluded from the new Sustainability & Annual Report 2015. While the recycling company and supplier of high-quality secondary raw materials recorded a lower revenue and EBITDAE in 2015, last year’s positive net result was substantially higher compared to 2014. In addition, a higher percentage of secondary raw materials were recovered from the processed waste. Van Gansewinkel succeeded in transforming 93 percent of the waste into a secondary raw material or a source of energy, resulting in a 1.17 million tonnes reduction in CO2 emissions within the chain in 2015.

CEO Marc Zwaaneveld balanced: “2015 was clearly a transition year for Van Gansewinkel, with the company focusing on lowering costs and improving its competitive position. We successfully reached an agreement regarding an important refinancing programme, divested a number of non-core activities, made substantial investments in our recycling lines and introduced a new, more decentralised organisational structure. Consequently, our results for 2015 are in line with the expectations. Moreover, our initial quarterly figures for 2016 show an improvement compared to last year. These positive trends demonstrate that we are clearly on track as far as our ambitions and plans are concerned, despite market conditions that can still be considered challenging.”

In 2015, Van Gansewinkel’s revenue decreased from € 962 million in 2014 to € 945 million. Despite the positive impact of the organisational change, the company’s EBITDAE totalled € 82 million (compared to € 99 million in 2014). This is primarily due to the continuing pressure of unfavourable market conditions, which have resulted in lower volumes and lower price levels – at the collection end and within the raw materials market. Nevertheless, Van Gansewinkel has been able to maintain a stable market share.

Purpose to 96 percent of the collected waste

Van Gansewinkel prevents waste at the source and offers innovative solutions for the efficient collection of residuals, which are subsequently converted into secondary raw materials or energy. In 2015, the company gave a useful purpose to 93 percent of the processed waste, with over 65 percent being given a second life as a raw material – a 1.5 percent increase compared to 2014 (approximately 64 percent). Increasing the percentage of waste that is given a second life is Van Gansewinkel’s foremost objective in the area of sustainability. It is also directly linked to the company’s vision ‘Waste no more’.

The firm’s ambition for 2020 is to give a useful purpose to 96 percent of the collected waste, and to recycle 75 percent into new raw materials. In the company’s view, the best avenue for realising this ambition is the recovery of raw materials from flows that are presently still incinerated for energy. Through its activities, Van Gansewinkel has prevented over 1.17 million tonnes of CO2 emissions within the chain.

In order to recover even more raw materials in the years ahead – and even more effectively – in 2015, Van Gansewinkel invested substantially in its recycling processes. In this context, the company expanded its sorting line in Puurs, took new lines in Châtelet and Amsterdam into operation, opened Europe’s most advanced glass recycling facility at Maltha in Heijningen, launched a new, modern facility in Turnhout, and realised a brand new bottom ash reprocessing plant, which will be taken into operation this year by Van Gansewinkel Minerals.

Objectives and expectations

Van Gansewinkel will continue to play a leading and connecting role in the chain from waste to raw materials. In close cooperation with its customers, suppliers and partners, the firm will continue to close materials cycles, in an effort to create both ecological and economic value from waste.

Van Gansewinkel will maintain its sector-based customer approach and further grow as a secondary raw materials supplier, focusing on material streams. Within the recycling business, the company will continue to invest in innovation and cost leadership, to meet the rising demand for high-quality secondary raw materials.

Although the macro-economic situation in the Eurozone is improving slightly, market conditions will remain challenging, with significant price pressure. Consequently, Van Gansewinkel will engage in a fair pricing policy.

Van Gansewinkel expects its efficiency and quality improvements over the past years, as well as its extensive investment programme in 2015, to have a positive impact in 2016. However, given the on-going economic uncertainty and volatile market conditions, no financial prospects wille be expressed for 2016.

The company’s 2015 Annual Report and 2015 Sustainability Report are available for download.

Source: Van Gansewinkel Group