Renk Group has recorded its highest ever order intake for an opening quarter, reporting €582.3m ($680.9) in the first quarter of fiscal 2026 (Q1 FY26), up from €548.6m in the corresponding period last year.
The company’s order backlog now stands at €6.9bn, also a new peak.
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During the first three quarter of the year, Renk’s revenue increased slightly by 4% year-on-year, reaching €283.6m compared to €272.6m in the previous year.
The company registered a book-to-bill ratio of 2.1, higher than the 2.0 reported last year.
Its adjusted earnings before interest and taxes (EBIT) rose by 10.4% to €42.4m, and adjusted EBIT margin increased to 15%, against 14.1% in the same period last year.
The Vehicle Mobility Solutions (VMS) segment accounted for most of this growth, benefiting from economies of scale and efficiency gains following the introduction of a modular production concept.
The VMS segment reported an order intake of €478.4m during the quarter, up by 20.5% year-on-year.
Revenue for VMS rose by 11.2% to €191.5m, while adjusted EBIT increased by 22.3% to €35.0m. The adjusted EBIT margin for the segment reached 18.3%.
In the Marine & Industry segment, order intake dropped 42.8% year-on-year to €70.0m, mainly due to the impact of large naval segment orders in the prior year.
The segment’s book-to-bill ratio was 1.1, and revenue stood at €65.2 million, reflecting a 10.8% decrease from the previous year. Adjusted EBIT fell to €4.4m, and the margin dropped to 6.7%.
The Slide Bearings segment saw order intake decrease by 5.8% to €34.6m. Revenue was €30.2 million, close to last year’s level.
Adjusted EBIT declined to €4.0m, with the margin falling to 13.3%, attributed to a lower aftermarket business share and higher US tariffs.
RENK Group CEO Dr. Alexander Sagel said: “The successful start to 2026 underscores the strength of our business model and the ongoing positive momentum of our core markets. We achieved our highest order intake for an opening quarter in the history of RENK – clear proof of the ongoing high international demand for our products.”
Looking ahead, RENK Group AG has reaffirmed its 2026 outlook, with expectations for revenue exceeding €1.5bn and adjusted EBIT between €255m and €285m.
Separately, RENK Group announced the launch of its ESM 280 transmission, marking its entry into the wheeled armoured vehicle (WAV) market.
The new transmission, designed for platforms up to 620 kW and using technology proven in the ESM 350, will be presented at Eurosatory 2026 next month in Paris.
Last month, the German Armed Forces (Bundeswehr) has placed an order with RENK Group for 188 HSWL 256 transmissions to be used in the Puma infantry fighting vehicle’s 800 kW propulsion systems.
