German defense industry company Renk Group reports order intake and adjusted operating profit that were higher than expected in the third quarter.
Order intake rose 44.6 percent to 469 million euros (325). The outcome was 2.4 percent higher than the company’s analyst consensus of 458 million euros.
Revenue rose 12.1 percent to 345 million euros (308). The outcome was in line with consensus of 346 million euros.
Adjusted operating profit, adjusted EBIT, increased 17.2 percent to 61 million euros (52), versus an expected 59.6 million euros. The deviation was 2.3 percent above consensus, representing a better-than-expected result.
Total order backlog amounted to 7.6 billion euros at the end of September, compared with 6.7 billion euros at year-end. The firm order backlog increased to 2.9 billion euros from 2.3 billion euros.
Renk has also adjusted its full-year forecast to reflect the planned divestment of the Slide Bearings business. Revenue is now expected to amount to approximately 1.4 billion euros, compared with previously more than 1.5 billion euros. The forecast for adjusted EBIT is lowered to 240–255 million euros from previously 255–285 million euros. The new forecasts refer to the remaining business.
The company continues to target the upper half of the revised earnings range.
Key figuresQ3 2026ConsensusDeviation from consensusQ3 2025Year-over-year deviationOrder intake469458+2.4%325+44.6%Revenue345346-0.2%308+12.1%Adjusted EBIT6159.6+2.3%52+17.2%Consensus source: Renk
