Ad-hoc | 30 July 2008 08:54
RENK AG / Half Year Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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RENK AG: Semiannual financial report as of June 30, 2008, pursuant to Sec.
37w German Securities Trading Act ('WpHG')
RENK in H1/2008
RENK was off to a good start in fiscal 2008. Despite the gradual economic
downturn, first-half order intake at EUR215 million was only
insignificantly below the year-earlier magnitude of EUR221 million. H1
sales showed substantial growth momentum, surging 26% from EUR196 million
to EUR247 million.
The distinct rise in sales was also reflected in operating profit (EBIT)
which soared 19% from EUR31 million to EUR37 million. Net income (EAT) took
a similar leap forward, jumping from EUR18 million to EUR26 million, and so
did earnings per share (EpS), from EUR2.68 to EUR3.81.
For all of 2008, RENK predicts its growth to continue, as budgeted. Order
intake is expected to inch up while sales are expected to increase at a
steeper rate to a magnitude of some EUR500 million. The operating profit
will in all likelihood range around the good 2007 level.
Augsburg, July 30, 2008
RENK AG
The Executive Board
30.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: RENK AG
Gögginger Str. 73
86159 Augsburg
Deutschland
Phone: 0821-5700-227
Fax: 0821-5700-573
E-mail: winfried.scheller@renk.biz
Internet: www.renk.eu
ISIN: DE0007850000, DE0007850000
WKN: 785000
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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