Renewi plc: Q1 trading update
Renewi plc (LSE: RWI), the leading international waste-to-product company, announces its trading update for the three months ended 30 June 2023.
- Renewi plc (LSE: RWI), the leading international waste-to-product company, announces its trading update for the three months ended 30 June 2023.
- As expected Group Revenue and EBIT in the first three months of the year were lower than prior year as recyclate prices were at peak level during Q1 last year.
- Recyclate prices have largely stabilised since September 2022, at levels slightly above historical averages.
- The impact of recyclate prices has been mitigated by dynamic pricing combined with cost measures and the benefits of the Renewi 2.0 programme.