- Home
- About Us
- Corporate Responsibility
- Customer Access
- Legislation
- Publications
- Press & Newsroom
- Jobs
- Links
- Contact Us
Press & Newsroom
Close Period Trading Update
1st October 2007
BIFFA PLC
CLOSE PERIOD TRADING UPDATE
Biffa Plc today announces an update on trading for the 26 weeks ending 28 September 2007 in advance of announcing its half year results on 28 November.
Following the release of our interim management statement in July, we have continued to see encouraging performances from our Resource Recovery and Landfill and Power Generation divisions into the second quarter.
In our Collection Division, we have had further success in the national accounts sector with a number of significant new accounts coming on-stream in the second quarter. We are continuing with the implementation of our revised pricing strategy and customer services initiatives in the local account arena. Following the completion of plant modification works to our mechanical-biological treatment plant earlier this year, our operations at Leicester have now returned to profit. Performance for the full year from our Collection Division is expected to be in line with the prior year, following a first half performance anticipated to be below that of the prior year.
In our Resource Recovery and Landfill Division, the strong performance reported in the second half of 2006/07 has continued into the first half as we benefit from increases in both landfill volumes and unit revenue. This performance has been boosted by our new site at Cottonmount in Northern Ireland, which opened in November last year. For the full year we expect the division to show continued growth.
Our Power Generation Division continued to perform strongly in the first half of this year. This was assisted by the successful renegotiation of less profitable NFFO contracts thus qualifying additional power output for ROCs, which should underpin the future profitability of this division. For the full year we expect the division to show continued growth.
We continue to make good progress across the Company in preparation for the introduction of the pre-treatment regulations which come into effect on 30 October.
|







