Renk Order Intake Rises by a Third to €1.66 Billion
Renk said order intake rose by a third to €1.66 billion, pushing its backlog to a record. The German defence supplier also reported higher profit for the first nine months, while its industrial business remained weak.
German defence supplier Renk XETR:R3NK on Thursday reported higher profit in the first nine months of the year as defence demand continued to drive growth despite weakness in its industrial business.Order intake rose by a third to €1.66 billion ($1.87 billion), pushing the order backlog to a record…