XTRA:R3NKMachinery
RENK Group (XTRA:R3NK) Stock Backlog Strength Meets Sharply Lower Quarterly Profit
RENK Group stock came into today on a solid run, with gains over the past month and quarter already pricing in high expectations around defense spending and order momentum. The earnings release largely lived up to that pressure on the top line. Q2 revenue reached €353.6m and management highlighted a record order intake of about €1.2b in the first half, feeding a total backlog of €7.4b.
For long term investors, that backlog and the confirmed 2026 guidance on revenue and adjusted earnings...