Rebound Opportunity in the German Defense Stock: RENK Group AG Increases Incoming Orders by Almost 47%.

The RENK Group AG delivered its HY1 figures. It is a provider of drive and chassis solutions for military vehicles, ships, and industrial applications. Known for key technologies in gears, engines, hybrid systems, and testing systems, RENK primarily serves defense, maritime, and industrial customers. In the first half of the year, incoming orders increased by 46.8% to €921 million, and revenue rose by 21.5% to €620 million. Adjusted EBIT grew by 29.4% to €89 million, with a margin of 14.4%. With an order backlog of €5.9 billion, RENK has...