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Biffa on course for full year

2000 Biffa Municipal vehicle

Biffa’s latest trading update says the group is making good progress in delivering revenue growth and margin expansion.

“Underlying trading is consistent with our expectations at the time of the half-year results in November,” the waste manager says in an official statement.

“The industrial & commercial division has continued to perform well, with ongoing revenue growth supported by cost discipline, including the delivery of acquisition synergies. In the second half of the year the division completed or reached agreement on a number of small infill acquisitions.

“The municipal, resource recovery & treatment and energy divisions have continued to perform as expected. Net debt at year end is anticipated to be in line with our expectations.”

Biffa says it is “well-positioned” to grow organically and it is “actively pursuing a strong pipeline of acquisition opportunities”.

The full year will be reached on 24 March and full-year results are due on 14 June.

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