Biffa plc AGM Trading Statement (0067F)
July 10 2019 - 1:00AM
UK Regulatory
TIDMBIFF
RNS Number : 0067F
Biffa plc
10 July 2019
10 July 2019
Biffa plc
AGM Trading Update
Biffa plc ('Biffa' or 'the Group'), the leader in UK sustainable
waste management, today issues a trading update for the period from
30 March 2019 to date. This statement is released in advance of its
Annual General Meeting which takes place at 11.00 am BST today.
Trading for the first three months of the current financial year
is in line with the Board's expectations. The Group continues to
make progress with its growth strategy, recently completing the
bolt-on acquisition for our Collections business of the trade and
assets of WasteCollection.com, a small waste collection business.
The outlook for the year is unchanged.
Enquiries:
Investors
Michael Topham, Chief Executive Officer
Richard Pike, Chief Financial Officer
ir@biffa.co.uk
Media & Analysts
Houston PR
biffa@houstonpr.co.uk
Cautionary statement regarding forward-looking statements
This announcement contains certain forward-looking statements
that are subject to the usual risk factors and uncertainties
associated with the Company's business. Whilst the Company believes
the expectations reflected herein to be reasonable in light of the
information available to them at this time, the actual outcome may
be materially different owing to factors beyond the Company's
control or within the Company's control where, for example, the
Company decides on a change of plan or strategy. Accordingly, no
reliance may be placed on the figures contained in such
forward-looking statements.
The forward-looking statements contained in this document speak
only as of the date of this announcement, and Biffa does not
undertake to update any forward-looking statement to reflect events
or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
About Biffa
Biffa is a leading UK-based integrated waste management
business. The Group operates across the breadth of the waste
management value chain, including the collection, treatment,
processing and disposal of waste and recyclable materials, as well
as related work in the production and sale of energy derived from
waste and the sale of recovered commodities such as paper, glass,
metals and plastic. Biffa's customer base for these services
includes local authorities (which includes the collection of waste
from households), large corporates and SMEs, and purchasers of
end-product commodities and energy. The Group's services are
organised across two operating divisions: Collections and Resources
& Energy. In FY 2019, the Group's total revenue was GBP1,091.2
million and its Underlying EBITDA was GBP150.7 million. Biffa was
admitted to trading on the London Stock Exchange's main market for
listed securities in October 2016 under the ticker "BIFF".
For more information visit www.biffa.co.uk
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END
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