Cleanaway Waste Management Ltd

CWY: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$7.30	Ghkww	Jxgcbzhk

Cleanaway Earnings: No Surprises; on Course to Achieve Full-Year Guidance

Shane Ponraj , Esther Holloway

Feb 16, 2024

Profit has improved materially at no-moat-rated Cleanaway. First-half fiscal 2024 underlying EBIT grew 26% to AUD 174 million versus the previous corresponding period to meet our expectations. New business and price increases were tailwinds. The EBIT margin also improved to 11%, up 160 basis points on the PCP. This reflects efficiency and operating cost improvements, such using data and analytics to optimize truck routes, and workforce management.

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