Renold Share News (RNO)

Renold reports strong growth as net debt widens

(Sharecast News) - Industrial chains and transmission products supplier Renold reported significant growth in its final results on Wednesday, with revenue jumping 26.6% to £247.1m.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Renold extends facilities to 2026, to GBP85.0 million

Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Extends core banking facilities with new facilities for initial three-year term to May 2016 from original maturity in April 2024. New facilities have option to extend term for further two years. Increases amount to new GBP85.0 million multi-currency revolving credit facility, up from GBP61.5 million. There is also a GBP20.0 million accordion option for additional funding in support of its acquisition programme. Facilities will be provided by its existing banks HSBC Holdings PLC, Allied Irish Banks and Citibank, alongside the addition of Banco Santander SA.

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Renold shares jump as profit ahead of previously upgraded expectations

(Alliance News) - Renold PLC shares jumped on Monday, after it said it expects annual results to be ahead of previously upwardly revised market expectations.

Renold FY profits seen 'materially ahead' of upwardly revised expectations

(Sharecast News) - Industrial chains supplier Renold said on Monday that the "strong momentum" in its performance experienced in the first nine months of the year had continued through the final quarter and said it now sees full-year profits coming in ahead of previous guidance.

IN BRIEF: Renold shares surge as says annual profit to top market view

Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Says revenue for the 10 months ended January totals GBP199.0 million, up 25% from GBP158.7 million a year earlier. This is up 17% at constant exchange rates. Group order intake amounts to GBP216.5 million, representing a year-on-year increase of 19%, and 12% at constant exchange rates. Says current order book of GBP104.1 million is a further record high for the group, compared to GBP99.0 million on September 30.

Renold sees FY profits ahead of market expectations

(Sharecast News) - Renold said on Wednesday that full-year profits were set to be ahead of current market expectations following strong trading since the interim results in November.

Renold shares up on seven-year contract worth GBP8.7 million

(Alliance News) - Renold PLC shares jumped on Tuesday after it said it has won a seven year contract to supply the Royal Australian Navy, worth GBP8.7 million.

Renold secures £8.7m contract with Royal Australian Navy

(Sharecast News) - Engineering group Renold has locked in a contract valued at £8.7m via its Renold Couplings subsidiary.

Renold earnings rise as net debt expands

(Sharecast News) - Industrial chain and power transmission product supplier Renold reported a 22% improvement in first-half revenue on Wednesday, or 14.3% at constant exchange rates, to £116.3m, driven by strong growth in its chain operations.

IN BRIEF: Renold shares up on "strong momentum" in half year results

Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Posts revenue of GBP116.3 million for the six months that ended on September 30, up 22% from GBP95.3 million the year before. Notes strong demand in the first half, showing a "good recovery as the worst effects of the pandemic receded". Says group order intake in the period is GBP121.3 million, up 19% from a year ago. Pretax profit, however, dips by 3.0% to GBP6.5 million from GBP6.7 million.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Renold notes strong half-year momentum with record orderbook

Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Says the strong momentum experienced in the second half of its last financial year has continued into its new year which ends March 31. In the five months ended August 31, company reports revenue of GBP93.0 million and order intake of GBP97.9 million. Order book at August 31 a record high of GBP97.3 million. Expects adjusted operating profit for the full-year to be in line with recently increased market expectations following the acquisition of Industrias YUK SA in August.

UK shareholder meetings calendar - next 7 days