NEWSFLOW

Renewi (#RWI) – FY adj. EPS -9%, anticipates improving cash position with a dividend for the now current year

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'New Lamps for Old' Outfit could Work some Magic for Shareholders

If you wonder what Renewi (RWI) does, the clue is in the company name. It recycles stuff in a world that’s ever more conscious of environment-battering waste. This recycling outfit has just published a trading update which seems pretty encouraging. Part of its success seems to be raising its prices to beat higher expenses caused by inflation without losing customers.

NEWSFLOW

Renewi (#RWI) – expects FY profit “slightly ahead of market expectations”, considers there value drivers to offset headwinds

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Renewi (#RWI) – expects FY ahead of expectations, “on track to deliver significant additional earnings”

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Renewi (#RWI) – Q3 update, further upgrade to FY adj. EBIT expectation to “at least €120m”

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Renewi (#RWI) – “mutual decision” that CFO Toby Woolrych is to leave

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Renewi (#RWI) – Q1 in line with recently upgraded expectations

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Renewi (#RWI) – FY adj. EBIT now expected to be “around €68m”, outlook “remains suitably cautious”

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Renewi (#RWI) – Netherlands commercial volumes now operating at 96% and Belgium at 90% of prior year, overall “materially ahead of… Covid-19 adjusted expectations”

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Renewi (#RWI) – “expected net cash outflow of €20m during Q1”, bank covenants amendments