Tariff freeze hurts profits at Hamburg Wasser

Despite its optimisation efforts, Hamburg Wasser saw a decline in both revenues and profitability last year. It is still refusing to raise tariffs, and is further than ever from signing a deal with a private strategic partner.

Hamburg Wasser, Germany’s third largest combined water and wastewater company, had a tough time last year, as high levels of rainfall, lower drinking water sales, higher interest payments and increased energy costs saw its revenues and profits dip from the previous year’s levels. Nevertheless, the company is adamant that it will not raise water and wastewater prices in 2008, and...

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