INTERSEROH SE is a Germany-based environmental services provider and raw materials trader, which acts as a holding company through its subsidiaries. Its principal services are packaging recycling, product recycling and waste management. The Company's activities are organized into the Services, Raw Materials Trade, and Steel and Metals Recycling business segments. The Services segment coordinates the collection, transport, sorting and recycling of waste packaging and other disused products. INTERSEROH SE's Raw Materials Trade segment is involved in the recycling of paper, plastics, the utilization of reclaimed wood and scrap metal, as well as in the trading of secondary raw materials. The Steel and Metals Recycling segment collects, processes, recycles and trades steel and scrap metals. The Company operates through its subsidiaries located in Germany, Belgium, France, Poland, Austria, Slovenia, Italy, Sweden, the Netherlands, China and the United States. 

http://www.interseroh.com
Address
Stollwerckstrasse 9a
Cologne, 51149
Germany
+49-2203-91470 (Phone)
+49-2203-91471394 (Fax)

- EBT plus of EUR 42 million to EUR 45.7 million
- Turnover increase by 53 percent to EUR 1.9 billion
- Cooperation with ALBA contributed to positive result 

Cologne. The listed environmental services provider and raw materials trader INTERSEROH SE concluded the fiscal year 2010 with earnings well above expectations. 

At the press conference on annual results in Cologne, chief executive Dr. Axel Schweitzer said: "We have emerged from the global economic crisis and achieved the second best result in our 20-year history in 2010.” 

As the company announced today at the publication of the annual financial statements, earnings before interest and tax (EBIT) for fiscal year 2010 amounted to around EUR 62.6 million (previous year: EUR 22.6 million).
Year on year, revenues increased by around 53 percent, to EUR 1.9 billion (2009: EUR 1.3 billion).
Earnings before tax (EBT) rose from EUR 3.8 million in 2009 to the current level of EUR 45.7 million for the recently concluded 2010 fiscal year. 

Axel Schweitzer continues: "The increase in earnings of almost EUR 42 million – in spite of one-off effects – even exceeded our own expectations. All three segments of Interseroh Group grew very strongly in the course of the past year. In the light of the increasing demand for steel and metal scrap, high-quality secondary plastics and recovered paper, we benefited particularly from our broad network of locations and trading centers both at home and abroad."