The Dutch-English waste management group Renewi reported slightly lower revenues and earnings for its financial first half. With recyclate prices reverting to "more normalised levels" and non-hazardous waste volumes in the Benelux region mostly stabilised, revenue for the six-month period ended 30 September came in 2 per cent lower than in the prior-year period, according to Renewi's first-half report.
Renewi's main business is its Commercial waste division, housing both commercial and municipal waste operations in the Benelux region. Construction and demolition waste (C&D) volumes were still declining in the Netherlands, but Belgian inbound commercial volumes had stabilised, explained CEO Otto de Bont in the quarterly financial report released on Thursday. The group's subsidiary Maltha, a glass recycler, achieved a "record performance" in the past financial half. The waste electrical and electronic equipment (WEEE) recycler Coolrec recorded strong volumes which contribued to higher revenue. Renewi also reported progress in the recovery of its Mineralz & Water division, which includes its subsidiary ATM. The strategic review of the group's UK Municipal business is still ongoing....
