15th Jul 2021 11:56
Renewi PLC - Milton Keynes-based waste management company - Reports a strong start to the year, with first quarter trading in line with recently upgraded expectations for financial year 2022. Trading in all divisions for the three months ended June 30 is significantly ahead of the first quarter last year, which was particularly impacted by the first lockdown.
"The board remains confident in the group's prospects for the financial year ending 31 March 2022," Renewi says.
Renewi's Commercial division is performing particularly well, with a recovery in sectors such as hospitality, offset by a reduction in bulky waste which saw a significant increase in volumes during the lockdowns last year.
Current stock price: 57.30 pence
Year-to-date change: up 39%
By Will Paige; [email protected]
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