Renold made excellent progress in FY2015, with adjusted operating profits up almost 40% to £15.5m, adjusted PBT up 46% to £13.6m (Arden forecast £13.4m) and adjusted EPS up 57%. This follows on from FY2014, when operating profits grew 54%, PBT grew 111% and EPS increased 124%. Strong cash generation resulted in net debt falling by £5.3m to £19.5m.
