You are here

Prices & Quotes - UK Markets - Renewi (RWI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 39.75p
Change Today:
0.20p
Market Cap:
318.05m
Sector:
Support Services

Renewi sees €20m hit from Covid-19 in Q1

By Sean Farrell

Date: Friday 29 May 2020

LONDON (ShareCast) - (Sharecast News) - Renewi said first-quarter earnings would be as much as €20m lower than its had expected because of Covid-19 but that it could manage the reduction comfortably.
The waste-to-product company said lockdown restrictions had affected its businesses in Belgium, the Netherlands and the UK but that volumes did not fall by as much as its scenario planned for.

The company said the impact of Covid-19 in the second half of March was €4m including a €1m bad debt provision. Based on business since the end of the financial year in March, coronavirus is likely to reduce earnings before interest and tax and cash by up to €20m.

Renewi said this outflow was easily covered by its €252m of liquidity at the end of March - higher than previously announced and including €195m of cash. It said it was prepared for an extreme scenario that would feature a renewed lockdown in the second half.

The company's shares rose 14.9% to 21.35p at 10:15 BST.

Renewi turns household waste from recycling sites into raw materials such as paper, metal, plastic and glass to reduce environmental impact. The company scrapped its final dividend in March to save €10m and is reducing capital spending and operating costs to save a further €50m in the current year.

The company said its net debt to earnings covenant has increased to 6x in the second half of the current financial year, reducing back to 3.5x in September 2021.

Renewi said: "Covid-19 may slow the progress of some customer initiatives and hence our deployment of capital in the short term, and it is likely to have some medium-term impact on the economy. However, the global climate crisis remains of an altogether larger scale and we are confident that government and society recognise that the need to address climate change and the goal to transition Europe towards a circular economy is urgent."

Executive directors and the board have taken a voluntary 20% cut in pay during lockdown and the executive committee members have taken a 10% cut. Executive bonuses for last year will be paid in shares to preserve cash and bonuses for the current year are suspended.





Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Renewi Market Data

Currency UK Pounds
Price 39.75p
Change Today 0.20p
52 Week High 45.00p
52 Week Low 18.12p
Volume 910,358
Shares Issued 800.13m
Market Cap 318.05m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renewi Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 27-Jun-19
Paid 10-Jan-20 26-Jul-19
Amount 0.45p 0.50p

Trades for 26-Jan-2021

Time Volume / Share Price
14:47 20 @ 39.80p
14:39 2 @ 39.50p
14:36 1,304 @ 39.75p
14:36 4,615 @ 39.75p
14:35 1,001 @ 39.65p

Renewi Key Personnel

CEO Otto de Bont