Ad-hoc | 15 February 2010 08:44
RENK AG / Final Results
15.02.2010 08:44
Dissemination 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's annual accounts 2009:
Performance still commendable despite recession
Even though the operating profit (EBIT) failed to reach last year's record
high of EUR 80 million, at EUR 66 million and with an ROS of 13.9% it was
once again still highly commendable given the adverse impact of the global
economic crisis. The basis for this solid performance was the tall order
backlog of EUR 612 million at the start of the year and hence a sales dip
by a mere 10% to EUR 474 million compared with the year before. Plunging
worldwide demand did mean, however, that order intake tumbled from EUR 443
million to EUR 294 million (down by 34%). The expected large order contract
for the German Puma Infantry Fighting Vehicle has yet to be placed.
We do not expect 2010 to bring any sustainable resurgence in demand; sales
and profitability will subside further. We will compensate for this with
increased cost-reduction measures, especially short-time.
Augsburg, February 15, 2010
RENK AG
The Executive Board
15.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 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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