Genan demonstrated record turnover in 2022 amid high energy cost
Danish environmental company Genan reports that it achieved a record turnover of more than EUR 62 million las year, presenting a 4.6% increase in comparison with the previous year. Yet earnings dropped from close to EUR 3.5 million in 2021 to EUR 1.5 million in 2022 – mainly due to high energy and freight prices. Despite these challenges, Genan, which has the capacity to turn more than 400,000 tons of end-of-life tires in total into new, usable materials each year, at its six recycling plants in Denmark, Germany, Portugal and the USA respectively, achieved a turnover of more than EUR 62 million.