BRIEF

on RENK Group AG (isin : DE000RENK730)

RENK Group AG Reports Record Preliminary Results for 2024

RENK Group AG has announced record-breaking preliminary results for the fiscal year 2024, with strong performance in Q4. The company achieved an impressive order intake of €1.4 billion, marking a 60% increase in Q4/24. Revenue reached €1.1 billion, aligning with the year's guidance, and reflecting a 23% increase from 2023.

The adjusted EBIT stood at €189 million, surpassing market expectations of €181.3 million and representing a 26% growth. The company successfully reduced net leverage to less than 1.9 times adjusted EBITDA, alongside a reduction in net working capital to approximately 25% of revenue.

CEO Susanne Wiegand expressed satisfaction with the year's achievements as she prepares to pass leadership to Dr. Alexander Sagel. The management expects continued growth and profitability in 2025.

R. E.

Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all RENK Group AG news