Investor Relations
  1. Home
  2. Investors
  3. Investor Relations
  4. Results centre
  5. Interim results 201819 Interim results 201819

Results centre

Interim results 2018/19

Renewi Interim Results 2018/19: An interview with Peter Dilnot and Toby Woolrych

View the
Press release
    • First half trading performance broadly in line with management expectations against a strong result in the prior period
    • Good progress with major integration programmes and synergy delivery on track
    • Cash performance and net debt better than management’s expectations
    • Interim dividend maintained at 0.95 pence per share
    • Accelerating execution of existing Renewi strategy through “Focus and Grow” approach
    • Focus phase concentrates the business on Benelux recycling and includes:
      • identifying and quantifying further synergies above €40m beyond 2019/20
      • planned disposal of non-core assets: Canadian business and Reym industrial cleaning business
    • Grow phase will capture the benefits from strong structural growth drivers in Benelux recycling
    • As previously announced, Otto de Bont, currently Managing Director of the Renewi Netherlands Commercial Division, will be appointed CEO in April 2019
    • Resumption of full soil production at ATM not expected this financial year resulting in reduced management expectations of up to €3m operating profit per month
    • Increased synergies and higher pricing expected to positively impact second half
    • Demand for recycling services growing structurally through long term targets and imminent increases in Dutch incineration taxes