Renewi plc (GB:RWI) has released an update.
Renewi plc reported a 4% increase in revenue to €874.5m for the first half of 2024, driven by pricing in Commercial Waste and growth in Specialities. The company successfully reduced its net debt and improved free cash flow, bolstered by strategic divestments and cost-cutting measures. Despite a challenging economic backdrop, Renewi’s efforts to restructure and optimize operations position it well for future growth.
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