Waste management company Biffa said annual underlying earnings were expected to be in line with guidance as revenues for the first 11 months of the financial year rose by a third.
Like-for-like volumes at its industrial and commercial division hade stabilised slightly above pre-pandemic levels, the company said on Wednesday.
In specialist services, the industrial services business was performing strongly. In Company Shop Group trading has continued to be challenged, but in recent weeks Biffa had started to see an improvement in both membership levels and gross margins.
The resources & energy division had benefited from the recovery in both volumes and pricing.
“To date we have successfully offset cost inflation and supply chain challenges with price increases and other measures and the issue of shortage of HGV drivers has also eased in recent months,” it added.
