RENK sold Slide Bearings business: RENK Group stock gains 1.94 percent

RENK Group (ISIN DE000RENK730) sold its Slide Bearings business to Miba on October 22, 2026, while the stock trades at EUR 37.26 at Lang & Schwarz on October 29, 2026, 1.94 percent above the Xetra close of October 28, 2026 at EUR 36.55. The transaction shifts RENK's reporting focus toward continuing defense activities and sets adjusted EBIT guidance for fiscal year 2026 at EUR 240 million to EUR 255 million, according to RENK Group.

Sale changes the reporting base

The agreement covers the Slide Bearings unit, which supplies standardized bearings for electric motors, generators and pumps. RENK said the business will be reported as a discontinued operation under IFRS 5 from the fourth quarter of 2026, leaving Vehicle Mobility Solutions and Marine & Industry as the continuing divisions.

The sale supports a sharper defense orientation, but the purchase price remains confidential in the official release. RENK said the transaction is subject to customary regulatory approvals and that its defense business is targeted to represent about 90 percent of total revenue by 2030.

What supports the order outlook?

RENK's October 21 pre-close call cited a EUR 30 million follow-on order from Patria for TRACKX transmissions and a EUR 130 million KNDS contract extension for Leopard 2 vehicles. First deliveries under the KNDS extension are scheduled from 2029 through 2032, according to RENK Group.

Three recent milestones

On October 21, 2026, JPMorgan cut its price target from EUR 62 to EUR 50 while retaining an Overweight rating, as MarketScreener reported. On October 21, RENK disclosed the Patria order worth EUR 30 million. On October 22, it announced the Miba sale and the revised 2026 guidance.

Next date for investors

RENK's next 9M 2026 quarterly statement is scheduled for November 5, 2026. The date was stated in the company's pre-close call, which also said the first nine months were tracking in line with fiscal-year guidance.

Stock holds above Xetra close

At EUR 37.26, the Lang & Schwarz quote is EUR 0.71 above the EUR 36.55 Xetra close of October 28, 2026. The stock's market capitalization is EUR 3.7 billion as of October 29, 2026, while the 52-week range is EUR 33.66 to EUR 68.00.

The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.

Market context: Market report DAX.

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