Cory’s waste volumes hit by COVID-19

03 June 2020 - 12:00 am UTC

Infrastructure fund-backed energy-from-waste (EFW) business Cory Riverside this week reported a modest rise in EBITDA for 2019, but warned that it has been processing less waste than budgeted this year due to the coronavirus lockdown.

The business, which is backed by infrastructure funds Dalmore, Fiera InfrastructureSemperian PPP Investment Partners and Swiss Life, in accounts filed on Tuesday (2 June) reported adjusted EBITDA of GBP 67.7m for 2019, compared with GBP 65.3m for 2018, despite revenue down to GBP 115.4m from GBP 118.2m. Although revenue was down, Cory Riverside’s earnings benefited from a slight increase in waste throughput, to 742 tonnes in 2019 from 735 in 2018.

Read More