focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRenold Regulatory News (RNO)

Share Price Information for Renold (RNO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 56.20
Bid: 56.20
Ask: 58.40
Change: -2.40 (-4.10%)
Spread: 2.20 (3.915%)
Open: 58.00
High: 58.60
Low: 56.20
Prev. Close: 58.60
RNO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

21 Jul 2011 07:00

RNS Number : 7738K
Renold PLC
21 July 2011
 



Renold plc

("Renold" or "the Company")

 

Interim Management Statement

 

Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing its interim management statement covering the period from 1 April 2011 to the current date.

 

On 31 May 2011 Renold announced its results for the year ended 31 March 2011. The encouraging trend in sales and growth in order intake noted at that time has continued throughout the first quarter of the current financial year.

 

Order intake has surpassed sales in all three months of the quarter and underlying* sales were 12% higher than in the comparable period last year. Both operating divisions have experienced robust levels of growth with Torque Transmission sales 16% ahead of the comparable period in the prior year and Chain sales 10% ahead. Viewed on a geographical basis, our operations in Australasia, China, and India each saw revenue growth in excess of 20%.

 

This level of growth is consistent with achieving the market forecast of doubling our adjusted operating profit in the current financial year.

 

There have been no other significant changes in the position of the Company over the period since the publication of the full year results for the year ended 31 March 2011.

 

\* The use of "underlying" excludes the impact of changes in foreign exchange rates.

 

21 July 2011

 

 

ENQUIRIES:

 

Renold plc

0161 498 4500

Bob Davies, Chief Executive

Brian Tenner, Finance Director

College Hill

020 7457 2020

Helen Tarbet

 

 

 

 

 

 

 

 

NOTES FOR EDITORS

 

Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.

 

Further information about Renold can be found on their website at: www.renold.com

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSPGUCAMUPGGQU
Date   Source Headline
19th Jun 20197:00 amRNSBlock Listing Application
18th Jun 20198:00 amRNSAnnual Report and Accounts
17th Jun 201912:07 pmRNSSecond Price Monitoring Extn
17th Jun 201912:02 pmRNSPrice Monitoring Extension
7th Jun 20198:05 amRNSAdmission to trading on AIM
4th Jun 20195:30 pmRNSRenold
3rd Jun 201911:30 amRNSSchedule One update - Renold plc
3rd Jun 20197:00 amRNSTimetable update
28th May 20197:00 amRNSFinal Results
8th May 20191:54 pmRNSResult of General Meeting
8th May 201911:30 amRNSSchedule 1 - Renold Plc
11th Apr 20192:42 pmRNSPosting of shareholder circular
11th Apr 20197:01 amRNSTrading Update
11th Apr 20197:00 amRNSProposed move from Official List to AIM
1st Apr 20197:00 amRNSExtension of Banking Facilities
4th Feb 20198:00 amRNSBlock listing Interim Review
28th Jan 201912:53 pmRNSHolding(s) in Company
16th Nov 20182:39 pmRNSHolding(s) in Company
16th Nov 20182:38 pmRNSHolding(s) in Company
16th Nov 20182:35 pmRNSHolding(s) in Company
15th Nov 201812:02 pmRNSPrice Monitoring Extension
14th Nov 20187:01 amRNSAppointment of Non-Executive Director
14th Nov 20187:00 amRNSHalf-year Report
11th Oct 20187:00 amRNSTrading Update
2nd Oct 20187:00 amRNSAppointment of Broker
2nd Aug 20189:00 amRNSBlock listing Interim Review
18th Jul 20181:26 pmRNSResult of AGM
18th Jul 20187:00 amRNSAGM Statement
14th Jun 20182:09 pmRNSDirector/PDMR Shareholding
14th Jun 20187:00 amRNSAnnual Report and Accounts
8th Jun 201812:49 pmRNSGrant of Awards - Performance Share Plan
31st May 20182:54 pmRNSDirector/PDMR Shareholding
31st May 20182:46 pmRNSDirector/PDMR Shareholding
31st May 201810:05 amRNSDirector/PDMR Shareholding
31st May 20188:47 amRNSDirector/PDMR Shareholding
30th May 20188:38 amRNSDirector/PDMR Shareholding
29th May 20187:00 amRNSFinal Results
25th Apr 201810:07 amRNSHolding(s) in Company
24th Apr 201810:06 amRNSHolding(s) in Company
20th Apr 20187:00 amRNSNotice of Results
19th Apr 20183:16 pmRNSHolding(s) in Company
19th Apr 20188:41 amRNSHolding(s) in Company
18th Apr 20189:02 amRNSHolding(s) in Company
10th Apr 20189:55 amRNSHolding(s) in Company
9th Apr 201810:21 amRNSHolding(s) in Company
3rd Apr 201810:46 amRNSHolding(s) in Company
9th Mar 20187:00 amRNSTrading Update
6th Feb 20184:35 pmRNSPrice Monitoring Extension
2nd Feb 20188:00 amRNSBlock listing Interim Review
14th Nov 20177:00 amRNSHalf-year Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.