RENK Group AG

Earnings Release • Jul 24, 2007

News Details

Ad-hoc | 24 July 2007 08:13

Renk AG: Semiannual financial report as of June 30, 2007

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, 2007

RENK in H1/2007

The highly congenial business climate in the German mechanical engineering
industry boosted the RENK Group’s performance, too:

H1 order intake and sales surged 30 percent each, to EUR221 million (up
from EUR170 million) and EUR196 million (up from EUR151 million),
respectively. Combined with efficiency improvements, this remarkable growth
momentum raised RENK’s H1/2007 operating profit (EBIT) by 94 percent to
EUR31 million (up from €16 million), sales thus returning 15.8 percent (up
from an ROS of 10.6). H1 earnings before taxes (EBT) took a similar leap
forward: they doubled from EUR15 million to EUR30 million, and so did
earnings per share (EpS), from EUR1.34 to EUR2.68.

Assuming the friendly economic environment to continue, RENK expects
full-2007 order intake and sales to exceed EUR400 million each. Operating
profit is predicted to top EUR50 million.

Augsburg, July 24, 2007

RENK AG

The Executive Board
DGAP 24.07.2007

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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
WKN: 785000
Indices:
Listed: Amtlicher Markt in München; Freiverkehr in Berlin, Stuttgart;
Open Market in Frankfurt

End of News DGAP News-Service

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