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The increasing focus on the environment by all sectors of societies provides investors with massive growth opportunities. Following on from my earlier waste management pick Pennon, this article outlines the bullish thesis on fellow UK waste and disposal services provider Biffa (BFFBF).
Momentum in the stock is growing as the company invests in long-term growth opportunities: the high-margin industrial and commercial waste market, plastics recycling and energy from waste. Biffa is looking to achieve 50% growth in underlying operating profit and over 50% earnings per share growth between 2020 and 2023.