RENK AG / Final Results
05.02.2008
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: Financial report as of December 31, 2007
RENK excels with 80-percent earnings surge and 21-percent sales leap
The RENK Group closed fiscal 2007 with its best-ever result, a 80-percent
surge in operating profit to a record EUR68 million. ROS leapt from 10.5 to
15.7 percent. Previous years had seen repeated sales increases and last
year was no exception. With production plants working to capacity, sales
once again rose, by 21 percent to EUR430 million. With an order intake of
EUR439 million, year-end orders on hand mounted to EUR684 million. Earnings
per share (EpS) amount to EUR5.83 (up from EUR2.97).
Prospects for 2008 are bright since we can assume that demand for capital
goods will continue robust worldwide despite bank crises. We therefore look
to a further advance in order intake and sales. As to earnings and given
the present order backlog, we see an opportunity to maintain the high level
of 2007.
Augsburg, February 5, 2008
RENK AG
The Executive Board
DGAP 05.02.2008
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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
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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DGAP-Adhoc: RENK AG: Financial report as of December 31, 2007
| Source: EQS Group AG