RENK Cuts 2026 Revenue and EBIT Guidance After 9M Results
RENK reported nine-month revenue of €982 million, up 5.8%, and adjusted EBIT of €158.8 million, up nearly 13%. Following the agreed sale of its Slide Bearings business, it now expects 2026 revenue of approximately €1.4 billion and adjusted EBIT of €240 million to €255 million, down from prior targets of over €1.5 billion and €255 million to €285 million, respectively.
For the first nine months of 2026, RENK Group AG reported revenue of 982 million euros, representing a 5.8% increase. The company's adjusted EBIT rose by nearly 13% to 158.8 million euros, with the adjusted EBIT margin improving to 16.2% from 15.2% in the prior period. Order intake grew by one-third, meeting market expectations. Following the binding agreement to sell its Slide Bearings business, the company issued a revised full-year 2026 outlook for its continuing operations.
RENK now expects full-year revenue of approximately 1.4 billion euros and an adjusted EBIT between 240 million and 255 million euros, down from previous targets of over 1.5 billion euros in revenue and 255 to 285 million euros in adjusted EBIT.