Augsburg, August 6, 2026 — RENK Group AG, a leading provider of drivetrain solutions for military and civilian applications, said it extended the momentum from the opening quarter of 2026 with record order intake, higher adjusted EBIT, and continued progress toward its full-year guidance.

Order intake in the first six months of 2026 rose to about €1.2 billion, up 29.7% from €921.2 million in H1 2025. Second-quarter order intake reached €612.8 million, the highest quarterly level in the company’s history. RENK said the strong performance was supported by sustained demand in its defense business. The group’s book-to-bill ratio for the half year increased to 1.9x from 1.5x a year earlier, indicating that new orders continued to outpace recognized revenue over the period.

Total backlog climbed to a record €7.4 billion from €6.7 billion at December 31, 2025. Revenue increased 2.7% year on year to €637.2 million from €620.2 million in H1 2025, in line with customer project and delivery schedules.

“With nearly €1.2 billion in order intake, we have already reached almost the level of the first nine months of the prior year after only six months,” said Dr. Alexander Sagel, CEO of RENK Group AG. “The continued strong demand shows that customers around the world are still investing heavily in existing and new land and naval platforms. This confidence confirms the relevance of our technologies and portfolio. At the same time, we are consistently implementing our growth strategy and investing specifically in technologies and additional capacity so that we can continue supporting our customers reliably over the long term.”

Adjusted EBIT rose 10.1% to €98.2 million from €89.2 million in H1 2025. The adjusted EBIT margin improved to 15.4% from 14.4%, an increase of 100 basis points. RENK said the margin improvement reflected positive scale effects in Vehicle Mobility Solutions (VMS) and ongoing efficiency gains from the modular production concept introduced in September 2025. The company said its operational performance remained on track while it continued to implement its planned capacity expansion program in Augsburg and Rheine.

Vehicle Mobility Solutions

VMS, the largest division in the group, remained the main growth driver. Order intake increased 42.6% to €970.4 million in the first half from €680.6 million a year earlier, corresponding to a book-to-bill ratio of 2.3x versus 1.7x in H1 2025.

RENK said one factor in the second quarter was the extension of a framework agreement with Rheinmetall for the KF41 Lynx program, under which RENK will supply gearboxes and side gear units worth about €270 million, including options worth €63 million.

The company also highlighted a follow-on order under the five-year THOR-IV framework agreement, through which RENK America received an order from the U.S. Army for the HMPT 800 transmission. RENK described this as the fourth award in the series, with a total value of up to $691 million; about €121 million was booked as order intake in the second quarter in line with contractual minimum purchase commitments.

In addition, RENK received its first serial orders for drive systems for the armored, highly off-road tracked vehicle Patria TRACKX. Service and spare parts business remained at a high level in Germany, Europe, and the United States.

VMS revenue rose 7.6% to €418.6 million from €388.9 million, despite a high comparison base in the prior year. Adjusted EBIT increased 20.5% to €80.3 million from €66.6 million, and the adjusted EBIT margin improved to 19.2% from 17.1%, up 210 basis points, supported by scale effects and the results of the modular production concept in Augsburg.

Marine & Industry

The Marine & Industry division saw a noticeable recovery in the second quarter of 2026 compared with Q1 2025. First-half order intake declined 9.9% to €164.4 million from €182.6 million, while the book-to-bill ratio remained at 1.0x.

RENK said the second quarter delivered strong double-digit year-on-year growth in order intake, driven by marine business and significant orders from several international frigate programs. Industrial end markets, however, remained under pressure from a weak industrial sector.

Revenue in the division fell 6.1% to €165.1 million from €175.7 million. Adjusted EBIT came in at €16.3 million, compared with €18.8 million a year earlier, while the adjusted EBIT margin was 9.9% versus 10.7% in H1 2025, after 6.7% in the first quarter.

Slide Bearings

Slide Bearings continued to operate in a challenging market environment shaped mainly by weak industrial conditions. Order intake in H1 2026 fell 3.2% to €64.2 million from €66.3 million, with the book-to-bill ratio unchanged at 1.1x.

Revenue declined 4.4% to €59.9 million from €62.7 million. Adjusted EBIT was €7.5 million, compared with €10.4 million in H1 2025, and the adjusted EBIT margin dropped to 12.5% from 16.6%.

RENK said the margin decline was caused by cyclical headwinds, industrial end-market conditions, and significantly higher U.S. tariffs than in the prior-year period.

Outlook

Following a strong first half, the RENK Group AG management board confirmed its full-year guidance and continues to expect revenue of more than €1.5 billion and adjusted EBIT of between €255 million and €285 million.

“Our positive financial development and our new flexible financing provide a good basis for continuing to pursue our strategic ambitions for profitable growth and M&A,” said Anja Mänz-Siebje, CFO of RENK Group AG.

RENK said its planned acquisition of David Brown Defence is part of its focused M&A strategy and will expand the portfolio with technologies, long-term programs, and additional growth opportunities in strategically important markets, including the Five Eyes countries — the U.S., Canada, the UK, Australia, and New Zealand.

The company said the transaction would also provide access to key marine programs in the coming years, including the Global Combat Ship (GCS) program, which may involve up to 34 ships for Canada, the United Kingdom, Australia, and Norway.

The transaction remains subject to customary regulatory approvals, and closing is expected in the fourth quarter of 2026.

About RENK Group AG

Headquartered in Augsburg, RENK Group AG is a global manufacturer of mission-critical drivetrain solutions for a range of military and civilian end markets. Its portfolio includes gearboxes, drive systems, power packs, hybrid propulsion systems, suspension systems, plain bearings, couplings, and test systems. The group serves customers in military vehicles, marine, civilian shipping, and energy-oriented industrial applications.

In fiscal 2025, RENK Group AG generated revenue of about €1.4 billion. The company has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025. More information is available at

Disclaimer

This press release contains forward-looking statements based on the plans, expectations, estimates, and forecasts of RENK Group management at the time of publication. These assumptions are subject to a wide range of uncertainties, known and unknown risks, and other factors that may cause actual results, financial condition, development, or performance to differ materially from those expressed or implied. RENK Group undertakes no obligation to update or revise forward-looking statements to reflect events or developments after the date of this press release, except as required by law.