WOKINGHAM, UK / ACCESSWIRE / June 1, 2021 / At Ferguson plc's Annual General Meeting ("AGM") held on December 3, 2020 the Remuneration Report was supported by a substantial majority of shareholders but
LONDON, UK / ACCESSWIRE / May 28, 2021 / Further to the Company's previous releases in relation to various initiatives undertaken as part of its continued drive towards compliance with the UK Corporate
improved OUTLOOK FOR fy22
Renewi plc (LSE: RWI), the leading international waste-to-product business, announces its results for the year ended 31 March 2021.
Financial Highlights
Robust results reflect resilient business model, swift Covid-19 cost and cash action, and a significant improvement in the second half
Revenue from ongoing businesses flat and revenue from continuing operations down 5% to €1,694m1
Underlying EBIT from ongoing businesses 3% below prior year and above previous guidance at €73.0m1
Statutory profit of €11.0m compared to a loss of €77.1m in the prior year
Core net debt reduced to €344m from €457m last year, representing net debt to EBITDA of 2.2x
The Company is pleased to advise that it has appointed Mr. James Cole as an independent non-executive director ( NED ) of the Company with immediate effect. Mr. Cole will replace Mr. David Swan on the Board, who is stepping down from his role. Mr Swan has served as a NED of the Company for nine years, a period which is encouraged as a maximum term under the UK Corporate Governance Code ( the Code ) to safeguard the independence of a NED. Whilst the Company follows the QCA Corporate Governance Code, which allows for a more pragmatic view on the independence of NEDs, the Company respects Mr Swan s decision to apply this part of the Code to his time in office.