RENEWI PLC

Business and Financial Review • Jan 31, 2023

UK Regulatory | 31 January 2023 08:00

Renewi plc (RWI)

Renewi plc: TST-Trading Statement - On track to meet expectations for the full year

31-Jan-2023 / 07:00 GMT/BST

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31 January 2023

Renewi plc

On track to meet expectations for the full year

Renewi, the leading European waste-to-product business, announces its trading update for the third quarter ended 31 December 2022.

Otto de Bont, Chief Executive Officer, said:

"We are on track to meet expectations[1] for the full year. We are continuing to execute our strategic agenda and to build on our leading position as a manufacturer of low carbon secondary materials. In Q3 we have completed the construction of our advanced sorting facility in Ghent and delivered important milestones in the construction of our facilities in Puurs and Acht.

"Over the near term we will be navigating inflation, price increases and volume pressure, but we remain cautiously optimistic and our expectations for the Group's full year performance remain unchanged."

Trading and cash performance

Trading in the Commercial Waste Division in Q3 was in line with our expectations. Volumes remained soft compared to last year but stabilised

For further information:
Paternoster Communications +44 20 3012 0241	Renewi plc +44 7976 321 540
Tom Buchanan	Adam Richford, Head of Investor Relatic

ISIN:	GB00BNR4T868
Category Code:	TST
TIDM:	RWI
LEI Code:	213800CNEIDZBL17KU22
Sequence No.:	219436
EQS News ID:	1547029