Gelsenwasser looks to acquisitions for growth
- From: Vol 10, Issue 4 (April 2009)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Essent, Gelsenwasser, Nantaise des Eaux Services and RWE
Germany’s largest water company struggled to boost its water sales in 2008. Falling domestic consumption means that future growth is likely to come from acquisitions.
Gelsenwasser boosted its turnover by 24% to €547.4 million in 2008, although a slump in water sales in Germany meant that revenues from the water division struggled to improve on 2007 (see table).
The company’s 2008 water sales to industrial customers fell by about 6% to 92.9 million m3, and are likely to drop further this year ...
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