RENK Group AG — Earnings Release 2003

Aug 6, 2003

News Details

Ad-hoc | 6 August 2003 08:22

Renk AG english

RENK optimistic about latter half of the year Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– RENK AG: Interim report on the six months ended June 30, 2003 (H1) Augsburg-based RENK AG, the world’s leading specialist in large gears and drive elements, had a mixed first six months of 2003 due to flagging demand in a number of its business segments. The postponement of various major orders pushed order intake down by 18 percent to EUR108 million although very tall order backlogs kept sales at the year-earlier level of EUR110 million. EBT reached EUR5 million. RENK is confident of a rebound in orders in the latter half of 2003 and expects for 2003 pre-tax earnings (EBT) somewhat short of the year- earlier EUR19 million. RENK Aktiengesellschaft The Executive Board end of ad-hoc-announcement (c)DGAP 06.08.2003 ——————————————————————————– WKN: 785000; ISIN: DE0007850000; Index: Listed: Amtlicher Markt in München; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg und Stuttgart 060822 Aug 03