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Renewi PLC (RWI.L)

RWI.L on London Stock Exchange

27.80GBp
18 Apr 2019
Change (% chg)

0.05 (+0.18%)
Prev Close
27.75
Open
27.70
Day's High
28.00
Day's Low
27.50
Volume
473,664
Avg. Vol
1,650,461
52-wk High
87.50
52-wk Low
18.56

Latest Key Developments (Source: Significant Developments)

Renewi Sees Results For FY Ended March 2020 Lower Than Prior View
Friday, 29 Mar 2019 

March 29 (Reuters) - Renewi PLC ::YEAR END TRADING UPDATE.TRADING HAS CONTINUED IN LINE WITH EXPECTATIONS WITH A STRONGER Q4.INTEGRATION ACTIVITIES REMAIN ON TRACK TO DELIVER COST SYNERGIES OF EUR 30M THIS YEAR AND EUR 40M NEXT YEAR.CORE NET DEBT IS EXPECTED TO BE AS FORECAST, SLIGHTLY ABOVE 3X EBITDA AT END OF MARCH AND BELOW OUR BANK COVENANT OF 3.5X.PROGRESSING ADDITIONAL TESTS REQUIRED BY DUTCH AUTHORITIES FOR RESUMPTION OF SHIPMENTS OF THERMALLY TREATED SOIL FROM ATM ON INTERIM BASIS.CONTINUE TO EXPECT AUTHORITIES TO PERMIT SHIPMENTS UNDER SUCH AN INTERIM REGIME DURING YEAR ENDING 31 MARCH 2020.CHANGING APPROACH TO GUIDANCE REGARDING ATM AND ASSUMED NO SUCH SHIPMENTS FOR PURPOSES OF FINANCIAL FORECASTS FOR YEAR ENDING 31 MARCH 2020.ENTERED AGREEMENT WITH BANKS TO EXTEND NET DEBT TO EBITDA BANK COVENANT OF 3.5X FOR A FURTHER YEAR UNTIL 30 JUNE 2020.DISPOSALS OF REYM AND CANADA MUNICIPAL BUSINESSES REMAIN ON TRACK.REDUCTION IN PROPOSED FINAL DIVIDEND FOR YEAR ENDING 31 MARCH 2019 TO 0.5 PENCE PER SHARE.REDUCTION IN PROPOSED FINAL DIVIDEND & SIMILAR REDUCTION IN DIVIDEND FOR YEAR ENDING 31 MARCH 2020, WILL BENEFIT CO BY AROUND EUR 30M.COMMISSIONING OF ADVANCED GASIFICATION FACILITY BY INTERSERVE IS SIGNIFICANTLY BEHIND PLAN.IN VIEW OF UNCERTAINTY WITH PPP CONTRACT, INCLUDING RECENT INSOLVENCY OF INTERSERVE'S HOLDING CO, WILL MAKE NON-CASH IMPAIRMENT OF UP TO £39M.SHALL MAKE PROVISION AGAINST £10M OF DELAY DAMAGES OWED TO GROUP IN CASE EFFORTS TO SECURE RECOVERY ARE UNSUCCESSFUL.  Full Article

Renewi Says Remains Confident Of FY Results In Line With Its Expectations
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Renewi PLC ::REMAINS CONFIDENT THAT RENEWI WILL DELIVER FULL YEAR RESULTS IN LINE WITH ITS EXPECTATIONS.DURING Q3, TRADING HAS CONTINUED BROADLY IN LINE WITH MANAGEMENT'S EXPECTATIONS.REMAIN ON TRACK TO DELIVER COMMITTED EUR 30M OF COST SYNERGIES FOR YEAR ENDING 31 MARCH 2019.DUTCH REGULATORS HAVE TEMPORARILY SUSPENDED PERMITS NATIONWIDE FOR USE OF THERMALLY TREATED SOIL.DO NOT EXPECT TO RESUME FULL PRODUCTION THIS FINANCIAL YEAR AND A FURTHER UPDATE WILL BE PROVIDED NO LATER THAN END OF MARCH.  Full Article

Renewi H1 Trading Broadly In Line With Management Expectations
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Renewi PLC ::RENEWI PLC - FIRST HALF TRADING PERFORMANCE BROADLY IN LINE WITH MANAGEMENT EXPECTATIONS.RENEWI PLC - IDENTIFYING AND QUANTIFYING FURTHER SYNERGIES ABOVE EUR 40M BEYOND 2019/20.RENEWI PLC - GROUP REVENUE IN FIRST HALF INCREASED 1% TO EUR 900M.RENEWI PLC HY UNDERLYING PROFIT BEFORE TAX REDUCED 12% TO EUR 33.9M.  Full Article

Renewi PLC Says HY Trading Continued Broadly In Line With Management Expectations
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Renewi PLC ::RENEWI PLC - HY TRADING HAS CONTINUED BROADLY IN LINE WITH MANAGEMENT'S EXPECTATIONS.RENEWI - MERGER INTEGRATION PROJECTS PROGRESSING WELL, REMAIN ON TRACK TO DELIVER COMMITTED EUR 30M OF COST SYNERGIES FOR FY ENDING 31 MARCH 2019.RENEWI - ASSUMING ATM RESUMES FULL SOIL PRODUCTION BY END OF OCT 2018, BOARD EXPECTS RENEWI TO DELIVER FULL YEAR RESULTS IN LINE WITH ITS EXPECTATIONS.  Full Article

Renewi Full Year Performance Slightly Ahead Of Upgraded Expectations
Thursday, 24 May 2018 

May 24 (Reuters) - Renewi PLC ::FULL YEAR PERFORMANCE SLIGHTLY AHEAD OF UPGRADED EXPECTATIONS.BOARD EXPECTATIONS FOR GOOD PROGRESS IN 2018/19 UNCHANGED.FY UNDERLYING EBIT UP 30% TO £69.1M (23% AT CER).FY REVENUE UP 8% TO £1,566M.FY TOTAL DIVIDEND MAINTAINED AT 3.05P PER SHARE.COMMERCIAL DIVISION IS EXPECTED TO MAKE CONTINUING PROGRESS IN CURRENT YEAR..HAZARDOUS WASTE DIVISION IS EXPECTED TO DELIVER A SIMILAR PERFORMANCE TO 2017/18..MONOSTREAMS DIVISION IS ALSO EXPECTED TO PERFORM AT SIMILAR LEVELS TO 2017/18,.  Full Article

Renewi Sees FY Performance In Line With Co's Expectations ​
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Renewi PLC ::‍GROUP'S OVERALL PERFORMANCE FOR YEAR ENDED 31 MARCH 2018 IS ANTICIPATED TO BE IN LINE WITH BOARD'S EXPECTATIONS ​.  Full Article

Renewi says expectations for FY 2019 remain unchanged​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - RENEWI PLC ::‍BOARD'S EXPECTATIONS FOR YEAR ENDING 31 MARCH 2019 REMAIN UNCHANGED​.  Full Article

UPDATE 2-Dutch soil treatment plant setback rocks recycler Renewi

* Shares fall by more than 20 pct to hit record low (Adds shares, details on Interserve, dividend cut, analysts comments)