Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Viridor profits hit by falling recyclate prices

Waste firm Viridor is expecting reduced profits this year because of falling recyclate prices and increased bid costs, it revealed today.

Parent company Pennon Group said in an interim management statement that Viridor had a “growing pipeline of long-term projects” including a 25-year residual waste treatment contract for Glasgow and preferred bidder status for South London Waste Partnership’s residual waste.

Viridor has also made acquisitions including Community Waste Recycling in Bedfordshire and Oxfordshire; and JWS Churngold in Lancashire.

Pennon reported a continuing “strong performance” for its other subsidiary, South West Water.

It said: “Overall group financial performance since 30 September 2011 remains on track to meet management expectations.”



Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.