The company’s total order backlog climbed to €5.0 billion, further reinforcing its long-term business outlook. A dividend of €0.42 per share will be proposed at the general meeting on 4 June 2025 in light of the company’s positive development.
“RENK achieved the upper end of its stated outlook expectations in 2024. All three operating segments were able to achieve double-digit growth rates in revenue and earnings last year,” said Dr Alexander Sagel, CEO of RENK Group AG.
The Vehicle Mobility Solutions segment led growth, with revenue rising by 32.3% to €699 million and adjusted EBIT reaching €140 million. Order intake surged by 27.2% to €1.0 billion, supported by three major contracts signed in the fourth quarter.
The Marine & Industry segment also contributed positively, with revenue up 11.3% to €330 million and EBIT rising by 22.8% to €35 million. Despite a 16.6% decline in order intake to €307 million, this was largely attributed to naval orders deferred to 2025.
The Slide Bearings segment saw consistent growth, with order intake increasing by 9.8% to €133 million and revenue growing by 12.6% to €125 million. Demand was particularly strong for components used in electric motors, generators, and marine systems, while EBIT rose to €21 million.
“Our increased operational performance enables us to meet the high demand while also improving our earnings,” said Dr Emmerich Schiller, COO of RENK Group AG.
Looking ahead to 2025, RENK anticipates further revenue growth to over €1.3 billion and adjusted EBIT between €210 and €235 million. The company remains on track to reach its medium-term goals of €2 billion in revenue by 2028 and €300 million EBIT by 2027.
“We have been able to meet our targets at the upper end of the outlook range in the past fiscal year and are well on the way to achieving our medium-term financial targets,” said CFO Anja Mänz-Siebje.
As of 24 March 2025, RENK Group AG has been included in Germany’s MDAX index, ranking it among the 90 largest listed companies by market capitalisation on the Frankfurt Stock Exchange. “We are geared up for the future and look forward to the tasks and customer projects that lie ahead,” added Dr Sagel. “We will continue to be a reliable partner to our customers and maintain our position as a market leader.”