RENK Group AG Reports Strong Growth for Fiscal Year 2024

RENK Group AG, a leader in propulsion solutions, experienced significant growth in 2024. The company achieved a record order intake of €1.4 billion, supported by robust conditions in the defense market. Revenue surpassed €1.1 billion, marking a 23.2% increase from 2023. Adjusted EBIT rose by over 26% to €189 million with an improved margin of 16.6%.

All segments saw growth, with Vehicle Mobility Solutions leading with a 32.3% revenue rise. Marine & Industry also grew, with revenue up by 11.3%. The Slide Bearings segment recorded a 12.6% sales increase. RENK proposed a €0.42 dividend per share, a 40% rise over last year. Expectations for 2025 include further revenue growth to over €1.3 billion.

RENK has been included in the MDAX as of March 2025, highlighting its status on the Frankfurt Stock Exchange. The company remains committed to achieving its medium-term goals.