Biffa's industrial & commerical revenue down 50% since start of Covid-19 crisis

Wed, 6th May 2020

Waste management company Biffa said its industrial & commercial business had lost half of its revenue since the beginning of Covid-19 pandemic as the lockdown measures hurt demand across sectors including hospitality, leisure, transport and non-food retail. Its municipal business had remained resilient, with revenues remaining stable, while the impact across resources & energy was varied, with revenue in its landfill operations, which relied on the construction industry for a large proportion of their business, down around 50% from their position prior to Covid-19. The company confirmed it would delay the release full year results to 5 June after originally planning to release results on 27 May 2020. At 9:00am: (LON:BIFF) Biffa PLC share price was +2.25p at 214.75p Story provided by StockMarketWire.com

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