Cleanaway Waste Management Ltd

CWY: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$8.70	Bjpp	Jxtncxjc

Swift Economic Rebound Delivers a Rosy Fiscal 2022 Outlook for Cleanaway’s New CEO; FVE Increased 3%

Grant Slade

May 10, 2021

With the Australian economy staging a robust recovery from the coronavirus shock, Cleanaway’s newly announced CEO, Mark Schubert, is set to take the reins at an opportune time. We’d previously anticipated a sombre recovery in Cleanaway’s waste volumes would take hold in fiscal 2022, following a fiscal 2021 where waste generation has been hampered by the pandemic. However, with the Australian economy’s performance in recent quarters outpacing our prior expectations, a marked recovery in waste generation is likely underway economy-wide.

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