(Alliance News) - Biffa PLC on Wednesday reaffirmed financial forecasts for the year after trading in the first half was in line with the company's expectations.
Net revenue for the five months to August was 12% higher than the comparable period in 2019, and 3% excluding acquisitions. In the I&C business, like-for-like volumes, when adjusted for acquisitions, stabilised at slightly above pre-pandemic levels.
However the High Wycombe, England-based company did warn on the national shortage of HGV drivers, saying it was "working hard to mitigate the impact" on services, along with other supply chain challenges.
Shares in the waste management firm were down 1.4% at 398.50 pence each in London on Wednesday morning.
Biffa will announce its interim results on November 18.
By Will Paige; willpaige@alliancenews.com
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