The Dutch waste management company Renewi reported increases in its revenue and in underlying operating earnings in the first half of its 2024/25 financial year, while a loss from discontinued operations weighed down its statutory earnings figure for the period. Consolidated revenue from continuing operations was up 4 per cent at €875m for the reporting period ended 30 September, and underlying earnings before interest and tax (Ebit) jumped 9 per cent to €53m. At the same time, statutory net profit tumbled by more than €25m to land at just over €10m, according to the group's interim financial report, which was released on 12 November.
Commenting on the group's performance in the reporting period, CEO Otto de Bont said, "Our half year results show tangible progress on our commitment to build a strong platform. The successful divestment of UK Municipal on 10 October 2024 and the strong performance of M&W, supported by strategic investments and actions over the last two years, have allowed us to move beyond our legacy challenges, positioning us for future growth."...
