Waste giant Remondis continues to grow

Germany's largest waste company Remondis continues on its growth path. The turnover was around 8,2 billion euros last year, 0,3 billion more than in 2019, as the company announced on request. The plus is partly due to acquisitions. The number of employees, including trainees, rose by around 1000 to 38. No information was given on profit.

The company has been expanding for a number of years and the business has grown significantly. In 2016, the revenue was 6,1 billion euros, in 2017 it was 7,3 billion. In 2018 and 2019, sales were around 7,9 billion euros each. Now it goes further up.

Remondis is active in all areas of the waste market: The company has garbage collection, sorting systems and recycling sites, as well as other services. Remondis now also has its own dual system, i.e. a company that takes care of the collection, sorting and recycling of waste. Such systems have a central function in the waste industry.

Remondis' lead as the industry leader is huge: Germany's previous number 2 in the industry, Alba from Berlin, reported sales of 1,9 billion euros last year (2019: 2,0), and the number of employees was around 8700 Other strong competitors are the municipalities with their municipal waste collection and other waste businesses.

Since 2019, Remondis has also been dealing with an up-and-coming competitor: the Prezero waste management company belongs to the Schwarz Group, which also owns the discount chain Lidl and the department store chain Kaufland. Prezero has made several takeovers and could meanwhile be the second largest waste company in Germany. The Neckarsulm-based company plans to announce business figures for 2020 at the end of this month.