Cleanaway Waste Management (ASX:CWY) reaffirmed its underlying earnings before interest and taxes guidance of between AU$395 million and AU$425 million for fiscal 2025, according to a Friday filing with the Australian bourse.
In his speech at the company's annual general meeting, Chief Executive Mark Schubert said trading for the first three months of fiscal 2025 "has been in line with
management expectations, despite the challenging operating environment driven by softer economic activity." He noted that the commercial and industrial collections business has delivered price and volume growth but at more moderated levels compared to fiscal 2024.
The waste management services company also stressed confidence in achieving its mid-term EBIT ambition of more than AU$450 million by fiscal 2026.
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