Renk Completes David Brown Defence Purchase, Sets Up Huddersfield as Submarine Drive Hub
Published on 11/15/2026 at 10:10 | Editorial boerse-global.de
Renk has wrapped up its acquisition of David Brown Defence from Stellex Capital Management, finalizing the transaction on 2 November after all required regulatory clearances came through. The business now sits within the group under the name RENK UK Huddersfield, and the site is earmarked to serve as a centre of competence for submarine propulsion systems. Renk describes the plant's future role as a forward-looking assignment. Shares in the company edged up 1.3% on Friday to €33.09.
Nine-Month Orders Outpace Revenue
The group's first nine months of 2026 showed order intake of €1.66 billion, a jump of 33.6% year on year. The order backlog stood at €7.6 billion at the close of the reporting period. Revenue over the same stretch advanced 5.8% to €982.0 million, meaning both incoming orders and operating profit grew faster than sales.
Adjusted EBIT rose 12.7% to €158.8 million. For the full year, Renk is guiding on its continuing operations, a basis that factors in the agreed sale of the plain bearings business. On that footing, management expects revenue of roughly €1.4 billion for 2026 and adjusted EBIT of between €240 million and €255 million.
Should investors sell immediately? Or is it worth buying Renk Group?
Finance Chief Handover Set for Spring 2027
At the top of the finance function, the supervisory board has appointed Jurate Keblyte as chief financial officer effective March 2027. Anja Mänz-Siebje will not extend her current board mandate and will hand over the finance portfolio at the end of the first quarter of 2027.
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Renk Group Stock: New Analysis - 15 November
Fresh Renk Group information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
