After the first year as a listed company, the armored gearbox manufacturer Renk looks confidently at 2025 thanks to a good order situation.
The share has been the high -flyer in the SDAX since the beginning of the year. After an initially reached high since September, however, investors took profits and the share slipped into the minus after submitting the preliminary figures for the overall year.
Thanks to a high demand, Renk received more orders than ever in the past year. The positive framework conditions in the defense segment are responsible, it was said on the basis of preliminary figures on Wednesday morning in Augsburg. Accordingly, the order input had increased at a record level with a value of 1.4 billion euros. The proceeds increased by 23 percent to 1.1 billion euros compared to the previous year.
The profit that was adjusted for special effects before interest and taxes (adjusted EBIT) even rose by more than a quarter to 189 million euros. The group was therefore within the framework of its own forecasts. Analysts were sometimes pleasantly surprised because they expected less when winning. For the new financial year 2025, the board assumes that it can continue the positive trend.
However, the stock reacted only positively. After the start of the trade, things went upwards, but most recently it was in the red. Since the beginning of the new year, Renk has been the best value in the small value index SDAX, but the balance for 2024 is rather poor. From the highest level of almost 40 euros in April, the paper is now around 23 euros again. The view of the competition also shows that both Rheinmetall and Hensoldt have benefited more from the many warlike arguments in the world.
George McWhirtter from Berenberg Bank commented on the numbers as “encouraging” after the past few months were more of uncertainty as to whether the group can at all fulfill its forecasts. Some analyst recently considered the forecasts of the company to be ambitious. The strong fourth quarter ultimately contributed to the annual success.
The Augsburg -based company has only been listed on the Frankfurt securities exchange since February 2024 and then became a member of the SDAX a few months later. This year there are even more changes on the agenda for Renk: the group is getting a new boss. The CEO Susanne Wiegand, as has been known since November, resigns at the end of the month at his own request. The successor will be the previous board member Alexander Sagel on February 1st.
In the Xetra trade, the Renk share was initially very strong in the morning and temporarily increased by more than two percent. In the meantime, however, she has changed direction and temporarily loses 2.86 percent to 22.97 euros.
/KND/TIH
Augsburg (dpa-Afx)
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