Renewi plc (GB:RWI) has released an update.
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Renewi plc, a European waste-to-product leader, reported a 3% revenue growth to €434.4 million in Q1, bolstered by higher core volumes and input prices. The company stays on track with strategic priorities, including portfolio optimisation with the expected sale of UK Municipal and ongoing growth initiatives like the Simplify programme and a new partnership aimed at advanced plastic recycling. Despite mixed market conditions, Renewi maintains a steady outlook for FY25, underpinned by commercial and cost initiatives, and reaffirms its commitment to achieving >5% annual organic revenue growth and a high-single digit underlying EBIT margin.
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