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A boon for Biffa from reduced churn

A boon for Biffa from reduced churn

Waste management company Biffa (BIFF) put up good growth numbers in the reported period. Reduced customer churn and improved pricing discipline at the major industrial and commercial division delivered 3.5 per cent organic revenue growth, complemented by acquisitions. At group level, adjusted cash profits were up 7.3 per cent to £76.3m, with the resource recovery and treatment division also performing well. The municipal segment, however, suffered competitive pressures and the energy division paled in comparison to a large one-off project in the prior period.

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