Waste recycler reports continued strong growth

The company, which specializes in waste recycling for the steel and aluminium industries, has reported adjusted EBITDA for Q3 2022 of 45.9 million Euros, up from 42.7 million Euros for the same period last year.

According to BEFESA, year-to-date growth was 163.9 million Euros for the first nine months, up 27 million Euros (or 20 million Euros) when compared with the previous year (2021).

The company attributes its growth to good volume performance at its Steel Dust business unit, and its US operations as well as overall high plant utilization levels of around 80% in both of its core businesses.