RENK Group AG Kicks Off Fiscal Year with Robust Revenue Growth, Confirms Guidance

• RENK Group AG has started the new fiscal year with strong revenue growth, confirming its guidance for 2024.
• The company's Q1 2024 revenue was €238 million, a 22.5% increase from Q1 2023's €194 million.
• The order intake for Q1 2024 was €208 million, down from €458 million in Q1 2023, but the company was awarded a USD 100 million contract by the US Army in April.
• The total order backlog remains high at €4.7 billion, slightly up from €4.6 billion in Q4 2023.
• The adjusted EBIT for Q1 2024 was €28 million, a 45.6% increase from Q1 2023's €19 million.
• The company's guidance for 2024 remains at €1.0 - 1.1 billion in revenue and €160 million - €190 million in adjusted EBIT, with an adjusted EBIT margin of 16 - 18%.

The price of RENK Group at the time of the news was 28,00EUR and was up +1,01 % compared with the previous day.
15 minutes after the article was published, the price was 27,75EUR this corresponds to a minus of -0,89 % since publication.
At this time, the index SDAX was at 15.073,21PKT (+1,35 %).

RENK Group

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+62,42 %

ISIN:DE000RENK730WKN:RENK73

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