(Alliance News) - Biffa PLC said on Wednesday that it expects its full-year underlying performance for the year ended March 25 to be in line with expectations.
The Buckinghamshire, England-based waste management company said that revenue in the eleven months to February were 35% higher than financial 2021 and 20% higher than financial 2020.
The company said its Specialist Services and the Industrial Services business are performing strongly.
In Company Shop Group, however, Biffa said trading has continued to be challenged, but in recent weeks the company has started to see an improvement in both membership levels and gross margins.
The Resources & Energy division benefited from the recovery in both volumes and pricing, Biffa added.
Shares in Biffa were up 4.6% at 296.00 pence on Wednesday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
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