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Biffa Ⓡ STRONG FIRST HALF PERFORMANCE REVENUE AND ADJUSTED OPERATING PROFIT RESTORED TO FY20 LEVELS , FULL YEAR EXPECTATIONS REAFFIRMED AND DIVIDEND REINSTATED 18 November 2021 Biffa plc FY22 HALF YEAR RESULTS Biffa plc ( ' Biffa ' , ' the Group ' or ' the Company ' ) ( LSE : BIFF ) , the UK's leading sustainable waste management company , announces its half year results for the 26 weeks ended 24 September 2021 . Michael Topham , Chief Executive of Biffa , said : " During the first half of the year we have successfully restored Biffa's adjusted operating profit to FY20 levels , managed the impact of the supply chain challenges that are affecting the entire economy , and continued to make good progress in delivering our strategic priorities . " The rebound in business performance , with volumes and pricing across most areas of the business at or above FY20 levels , is testament to the resilient characteristics of our business model and the commitment of our team . Whilst like all businesses we are currently experiencing some cost inflation , most of our business has a level of pricing flexibility meaning we are well placed to mitigate these pressures . " Our significant investment programme across circular economy infrastructure projects has continued at pace , including commissioning our new plastics recycling facilities , integrating recent collections acquisitions , opening new surplus redistribution outlets and continuing construction of our energy recovery facilities . Together these investments will provide the UK with essential green economy infrastructure and services , whilst giving Biffa a solid platform for sustainable growth . " We remain pleased with Biffa's performance and prospects and our expectations for the full year remain unchanged . As a result , we are pleased to have reintroduced the payment of a progressive dividend . " Financial Summary Statutory Revenue Net Revenue² Adjusted EBITDA Statutory Operating Profit Adjusted Operating Profit³ Dividend ( pence ) Reported leverage ratio4 H1 FY22 £ m 671.2 632.8 91.3 ( 16.7 ) 45.4 2.20 3.4 1 H1 FY21¹ £ m 482.5 458.8 58.3 ( 45.0 ) 9.7 2.1 Change FY22 v FY21 39.1 % 37.9 % 56.6 % n / a 368.0 % n / a n / a H1 FY20¹ £ m 588.9 555.1 86.8 33.9 45.7 2.47 2.8 Change FY22 v FY20 14.0 % 14.0 % 5.2 % n / a ( 0.7 % ) n / a n / a