RENK

Renk reported Q3 order intake of €469 million (+44%), revenue of €345 million and adjusted EBIT of €61 million (margin 17.6%). The order backlog rose to a record €7.6 billion and nine‑month order intake grew 33.6% to €1.66 billion. Despite the solid metrics, sector weakness triggered by Rheinmetall’s forecast cut is weighing on Renk’s share price. Management confirms its 2026 target of around €1.4 billion in revenue and adjusted EBIT of €240–255 million. » Mere på deraktionaer.de

RENK is selling its plain bearing business (RENK Bearings) to Miba for a contractually agreed purchase price in the low- to mid-three-digit million euro range and intends to focus more on defense solutions. The company aims to raise the share of its defense business in sales to around 90% by 2030. RENK revises its annual forecast: expected sales of about €1.4 billion and adjusted EBIT of €240–255 million. JPMorgan cuts its price target from €62 to €50 but keeps its “Overweight” rating; the stock is under pressure following the adjustments. » Mere på finanzen.net

RENK is selling its slide bearing business (Slide Bearings) to Miba to align the business more strongly with defense solutions and raise the defense share to around 90% by 2030. The Hannover operations will be reported as discontinued operations; RENK is targeting sales of about €1.4 billion and adjusted EBIT of €240–255 million for 2026. JPMorgan cut its price target from €62 to €50 but kept the rating at "Overweight", citing a slower ramp-up of German tank programs and weaker industrial prospects. The announcements weighed on RENK’s stock in the short term. » Mere på finanzen.net

RENK is selling the slide bearings business (Slide Bearings) to Miba to shift its strategic focus more toward defense solutions; the civilian Marine & Industry business remains unaffected. The group aims to increase the share of its defense business to around 90% by 2030 and will classify Slide Bearings as a discontinued operation from Q4. RENK adjusted its annual guidance and now expects around €1.4bn in revenue and adjusted EBIT of €240–255m. JPMorgan cut its price target from €62 to €50, left the rating at “Overweight” and cited a slower ramp‑up of German tank programmes and a weaker industrial outlook as reasons. » Mere på finanzen.net

RENK has signed a binding agreement to sell its Slide Bearings business to Miba. The transaction covers standardized plain bearings for electric motors, generators and pumps and is agreed at a purchase price in the low-to-mid triple-digit million euro range, subject to customary regulatory approvals. From Q4 2026 the unit will be reported as a discontinued operation under IFRS 5 and RENK is sharpening its strategic focus on its defence business. RENK updates its 2026 guidance for continuing operations to revenues of around EUR 1.4 bn and adjusted EBIT of EUR 240–255 million. » Mere på finanzen.net