Greenstar remains ‘very challenged’

GREENSTAR, the waste management firm owned by NTR is “very challenged” in an “uncertain regulatory environment”.

The reasons for the difficulties in the last year are that available waste volumes were significantly reduced, margins eroded and there was reduced landfill prices, according to the company.

Greenstar’s management team undertook a significant cost reduction programme in response and started a series of “margin-enhancing activities” across its business lines. It also said it engaged with government agencies to highlight the issue of below-cost selling.