This represents a growth compared to last year primarily driven by Americas and supported by the ramp-up of the new U.S. plant.
The strong performance was driven by increased market demand for glass packaging.
The report highlights its extending its year-long operational pause.
The group’s sales in Americas grew by 14%.
The company’s European operations face soft demand and higher costs.
The performance has been driven by higher sales volumes and higher average selling prices.
Stock dropped 7.7% month-to-date as CFO Kristen Actis-Grande’s appointment and debt reduction focus aim to counteract market challenges
Biffa has shifted its investment to other areas, including its Redcar facility, while maintaining other UK operations
Closing the manufacturing facility aligns with the company’s plan to cut US$100 million in costs by fiscal year 2027
The company also reported a net loss of US$26m in the quarter, down from a net income of US$132m in Q2 2024