Renewi - On the front foot and targeting strategic progress
Renewi navigated COVID-19-affected FY21 trading well and emerged in a stronger financial position. FY22 has started positively, and the company is progressing its three-pronged programme to improve both the level and quality of earnings. Although it is relatively early days in the delivery of these gains, Renewi is getting little credit for the strategy at this stage, in our view.Renewi is a recycling companies. Co. operates in four divisions: commercial, which is engaged in sorting and recycling for, amongst others things, paper, cardboard, wood, plastics, metals and Construction and Demolition waste; hazardous, which is engaged in treating contaminated soil and water, as well as for the disposal of a range of hazardous waste such as waste paints and solvents; municipal, which operates waste treatment facilities for U.K. and Canadian city and county councils under long-term contracts; and monostreams, which produce materials from waste streams in specific end markets such as glass, electrical and electronic equipment, organics and minerals.
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