THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION NO 596/2014 , AND MAR WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION ACT 2018, AS AMENDED 30 May.
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