RENK

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. » Więcej na 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. » Więcej na 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. » Więcej na finanzen.net