RENK Group AG reported a 33.6% rise in order intake for the first nine months of 2026, while impairments tied to Germany’s F126 frigate project helped drive an 18.6% decline in reported EBIT.
Revenue for Jan. 1-Sept. 30 increased 5.8% year over year to €981.978 million. Adjusted EBIT rose 12.7% to €158.818 million, and the adjusted margin reached 16.2%, up from 15.2%. Reported EBIT was €77.742 million; RENK cited €22.586 million in F126-related impairment losses as a main factor in the decline. The company’s book-to-bill ratio was 1.7, compared with 1.3 a year earlier.
RENK’s order backlog totaled €7.594 billion at Sept. 30. It comprised €2.938 billion in fixed orders, €1.077 billion in framework orders and €3.579 billion classified as soft order backlog. RENK estimates that soft portion from sole-source projects and successor business through September 2030, drawing on public and customer information.
Vehicle Mobility Solutions (VMS) led the growth. Its order intake increased 46.2% to €1.322 billion, revenue rose 12.3% to €650.157 million, and adjusted EBIT gained 23.4% to €129.250 million. RENK said demand for defense products used in ground-based systems was the main driver of VMS order growth.
Third-quarter contracts included an approximately €130 million extension from KNDS Deutschland for HSWL 354 transmissions for the LEOPARD 2 and its vehicle family, with deliveries scheduled from 2029 through 2032. RENK also received a €30 million follow-on order from Patria for HSWL 076 transmissions for the TRACKX family, with deliveries due to begin in 2027.
RENK put three machining centers at its Rheine site into operation in late August and plans to invest more than €20 million there by 2030. Capacity increases at Rheine and Augsburg are proceeding alongside series production, the company said. CEO Dr. Alexander Sagel said, “We are systematically expanding our capacities while continuing to deliver reliably.”
Results were weaker in the other divisions. Marine & Industry revenue fell 6.3% to €250.860 million and adjusted EBIT declined 17.3% to €25.762 million, with RENK citing continued weakness in industrial markets. Slide Bearings revenue slipped 0.1% to €91.724 million, while adjusted EBIT fell 15.5% to €12.471 million amid an unfavorable product mix and higher logistics costs.
RENK’s 2026 forecast covers continuing operations, comprising VMS and Marine & Industry, and calls for revenue of about €1.4 billion and adjusted EBIT of €240 million to €255 million. The company signed a binding agreement on Oct. 22 to sell Slide Bearings to Miba AG, subject to customary regulatory approvals. RENK scheduled a strategy update in London for Dec. 8.
