RENK Group AG

Earnings Release • Apr 29, 2010

News Details

Ad-hoc | 29 April 2010 08:39

RENK AG: RENK off to a good start in fiscal 2010

RENK AG / Interim Report

29.04.2010 08:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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RENK AG: Q1/2010 interim report pursuant to

Sec. 37x German Securities Trading Act ('WpHG')

RENK off to a good start in fiscal 2010

Compared with Q1/2009, a period overshadowed by the economic and financial
crisis, RENK reports a clear recovery in order intake, new orders soaring
62% from 68 million euros to 110 million euros. Thanks to a sizable
shipment of vehicle transmissions, sales at 110 million euros were at the
Q1/2009 level of 111 million euros.

With margins still robust, the Q1 operating profit climbed from 15 million
euros in 2009 to 16 million euros this year.

For all of 2010 and prompted by the expected transmissions large order
contract for the German infantry fighting vehicle PUMA, RENK is expecting
an order intake of around 500 million euros, albeit receding revenue will
erode year-on-year operating profit. By flexibly responding to this
situation, it is hoped, nonetheless, to close the year with a satisfactory
EBIT margin (ROS).

Augsburg, April 29, 2010

RENK AG

The Executive Board

29.04.2010 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

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