Report
Thijs Berkelder

Renewi : Recession priced in, but earnings estimates still need to correct…

>H1 trading update: pressure from Dutch construction sector - Renewi’s H1 revenues came in lower than expected (flat vs 7% expected – including Paro acquisition), primarily due to an activity slowdown in the Dutch construction sector regarding which new nitrogen legislation is causing substantial delays and postponements in construction projects. Thanks to recyclate prices so far holding up better than expected, Renewi was however still able to improve its EBIT in H1....
Underlying
RENEWI PLC

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

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