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RENK Group 9M order intake jumps on defense segment demand

By Reuters News


Overview

  • Germany propulsion solutions firm's 9M 2026 revenue grew 5.8% yr/yr

  • Adjusted EBIT for 9M 2026 rose 12.7%, margin improved to 16.2%

  • Order intake for 9M 2026 climbed 33.6%, driven by defense business


Outlook

  • RENK Group expects 2026 revenue in the region of €1.4 billion from continuing operations

  • Company forecasts 2026 adjusted EBIT between €240 million and €255 million from continuing operations

  • 2026 outlook excludes Slide Bearings division, focusing on VMS and M&I segments


Result Drivers

  • DEFENSE ORDERS - Co said strong order intake was driven by continued high demand in the defense segment

  • VMS DIVISION AND EFFICIENCY - Co attributed margin improvement to economies of scale in Vehicle Mobility Solutions and efficiency gains from new modular production

  • CAPACITY EXPANSION - Co increased operating capacity at key sites to support higher production volumes


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 982 mln

9M Adjusted EBIT

EUR 158.80 mln

9M Orders

EUR 1.66 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the aerospace & defense peer group is "buy"

  • Wall Street's median 12-month price target for RENK Group AG is €58.00, about 56.3% above its November 4 closing price of €37.12

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 24 three months ago


Reuters Recommended Reads

  • Nov 5 - Hensoldt margins jump on higher radar deliveries, nudges up outlook

  • Nov 4 - Rheinmetall cuts 2026 sales forecast again as Boxer order slips

  • Nov 2 - Japan weighs $500 billion defence spending plan, sources say


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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