Renk Forecasts 2026 Adjusted EBIT of EUR 240 Million–255 Million From Continuing Operations

Bitget2026/10/21 23:39

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Renk forecasts fiscal 2026 revenue of approximately EUR 1.4 billion, with adjusted EBIT of EUR 240 million to EUR 255 million.
Guidance covers continuing operations only, with Slide Bearings classified as a discontinued operation from the fourth quarter of 2026.
A binding agreement signed October 22, 2026, provides for the sale of Slide Bearings to Austria’s Miba, subject to regulatory approvals.
The purchase price is in the low to mid three-digit million range, confirming the business’s carrying value.
The disposal advances a strategy announced at the end of 2025 to sharpen the group’s focus on defense.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Renk Group AG published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610211939OMX_____CNEWS_EN_GNW1001279242_en) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Renk Forecasts 2026 Adjusted EBIT of EUR 240 Million–255 Million From Continuing Operations

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