Report
Toby Thorrington

Renewi - FY22 ends with raised guidance

Sustained strength in recyclate prices helped Renewi to deliver a firmer than expected end to FY22, resulting in a c 11% uplift to our estimates for the year. Appropriate actions have been taken to cover input cost risks going into FY23. We have made no further changes to estimates ahead of the FY22 results announcement, when prevailing recyclate prices and progress with the company’s strategic development programme will be keenly watched.
Underlying
RENEWI PLC

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Toby Thorrington

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