bullish
Renewi - Near-term flexibility, long-term growth strategy
SUMMARY
FY20 ended on a positive note strategically for Renewi, with two non-core disposals and resumption of soil shipments by ATM. COVID-19 began to have an impact at the year-end, but cost reduction/cash preservation measures together with amended banking covenants allow financial flexibility. A strategy refresh (Renewi 2.0) provides investors with a roadmap for future business development focusing on core business strengths. Our estimates are temporarily suspended and are under review.
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- Renewi - Near-term flexibility, long-term growth strategy04 Jun 2020
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