sur RENK Group AG (isin : DE000RENK730)
RENK Group AG Reports Strong Start to 2024 with Continued Revenue Growth
RENK Group AG announced a strong increase in revenue for the first quarter of 2024, leading with a significant 22.5% rise to €238 million from €194 million in Q1 2023. This growth is largely attributed to heightened demands in the defense and aftermarket sectors.
Despite a decrease in order intake from €458 million in Q1 2023 to €208 million in the same period this year, the company’s overall order backlog remains robust at €4.7 billion. Adjusted EBIT has also seen a notable improvement, escalating by 45.6% to €28 million. This financial upturn is mirrored across all business segments, with particular success noted in the Vehicle Mobility Solutions and Marine & Industry segments.
CEO Susanne Wiegand noted the geopolitical tensions increasing demand for RENK's military technologies. The business maintains a positive outlook for 2024, expecting a revenue forecast between €1.0 billion and €1.1 billion and an adjusted EBIT margin of 16% to 18%.
R. P.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de RENK Group AG