While COVID-19 has had some impact on Renewi’s markets, the extent is less than anticipated by management earlier in the year. Consequently, we are able to nudge up current year estimates (PBT up by €4m in a low base year) ahead of the H121 results. The latest strategic phase is in its early stages of implementation and management is clearly focused on delivering a significant uplift in profitability under this three-year programme.
01 Oct 2020
Renewi - FY21 estimates raised following H1 update
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Renewi - FY21 estimates raised following H1 update
Renewi Plc (RWI:LON) | 563 -45 (-1.4%) | Mkt Cap: 453.5m
- Published:
01 Oct 2020 -
Author:
Toby Thorrington -
Pages:
3
While COVID-19 has had some impact on Renewi’s markets, the extent is less than anticipated by management earlier in the year. Consequently, we are able to nudge up current year estimates (PBT up by €4m in a low base year) ahead of the H121 results. The latest strategic phase is in its early stages of implementation and management is clearly focused on delivering a significant uplift in profitability under this three-year programme.