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Renk order intake jumps by a third as defence demand remains strong

By Reuters News

Nov 5 (Reuters) - German defence supplier Renk R3NK.DE on Thursday reported higher profit in the first nine months of the year as defence demand continued to drive growth despite weakness in its industrial business.

Order intake rose by a third to €1.66 billion ($1.87 billion), pushing the order backlog to a record €7.6 billion. Revenue increased 5.8% to €982 million and adjusted operating profit rose 12.7% to €158.8 million.

($1 = 0.8880 euros)

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