Order intake rose 29.7% from €921.2 million a year earlier, while second-quarter orders reached a company record of €612.8 million. The first-half book-to-bill ratio increased to 1.9 from 1.5, lifting the total order backlog to an all-time high of €7.4 billion.
Revenue increased 2.7% to €637.2 million, in line with customer project schedules and delivery plans. Adjusted earnings before interest and tax rose 10.1% to €98.2 million, while the adjusted EBIT margin improved by 100 basis points to 15.4%.
The profit increase reflected economies of scale in the Vehicle Mobility Solutions division and efficiency gains from a modular production system introduced in September 2025. RENK said planned capacity expansions at its Augsburg and Rheine sites remained on schedule.
“Our order intake of close to €1.2 billion for the six-month period almost matched the volume for the first nine months of the previous year,” Chief Executive Alexander Sagel said. “This consistently high demand shows that our customers continue to invest extensively in existing and new land and naval platforms worldwide.”
Vehicle Mobility Solutions remained RENK’s main growth driver, with first-half order intake rising 42.6% to €970.4 million. The division’s book-to-bill ratio reached 2.3, compared with 1.7 in the same period last year.
Second-quarter orders included an extension of RENK’s framework agreement with Rheinmetall for the KF41 Lynx programme. RENK will supply transmissions and final drives worth about €270 million, including options valued at €63 million.
The division also received a follow-on US Army order for the HMPT 800 transmission under the five-year THOR-IV framework agreement. The fourth contract in the series has a potential value of up to $691 million, with about €121 million recognised in second-quarter order intake under the contractual minimum quantity.
RENK secured its first series orders for propulsion systems for the Patria TRACKX all-terrain tracked armoured vehicle. Its service and spare-parts business also remained at a high level in Germany, wider Europe and the United States.
Vehicle Mobility Solutions revenue rose 7.6% to €418.6 million, while adjusted EBIT increased 20.5% to €80.3 million. The division’s adjusted EBIT margin climbed by 210 basis points to 19.2%, supported by scale benefits and the modular production system in Augsburg.
The Marine & Industry division recorded first-half order intake of €164.4 million, down 9.9% from a year earlier, with a book-to-bill ratio of 1.0. Second-quarter orders grew at a strong double-digit rate, driven by the marine business and contracts linked to several international frigate programmes.
Marine & Industry revenue declined 6.1% to €165.1 million amid continued weakness in industrial markets. Adjusted EBIT fell to €16.3 million from €18.8 million, although the margin recovered to 9.9% from 6.7% in the first quarter.
The Slide Bearings division remained under pressure from weak industrial demand and higher US tariffs. Order intake declined 3.2% to €64.2 million, while revenue fell 4.4% to €59.9 million and adjusted EBIT dropped to €7.5 million.
RENK maintained its 2026 forecast for revenue above €1.5 billion and adjusted EBIT of between €255 million and €285 million. “Our positive financial performance and our new flexible financing provide a solid basis to continue pursuing our strategic ambitions for profitable growth and M&A,” Chief Financial Officer Anja Mänz-Siebje said.
The group is advancing that strategy through its agreed acquisition of David Brown Defence. RENK said the transaction would add technologies, long-term programmes and growth opportunities in the Five Eyes markets.
The acquisition would also provide access to future marine programmes, including the Global Combat Ship programme covering up to 34 vessels for Canada, the United Kingdom, Australia and Norway. The transaction remains subject to regulatory approvals and is expected to close in the fourth quarter of 2026.
