
20 Nov 2024
Renold - Interim results: no change to underlying forecasts
The group has posted resilient results in some tough markets, while also posting continuing improvements in operational efficiency and executing on its acquisitive activity through the purchase of Mac Chain in the period. Management reiterates that it is on track to achieve existing underlying forecasts, although news that the Valencia facility has been affected by recent flooding will result in short-term costs to be recognised as exceptional items in FY25, with insurance expected to recover co ....

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Renold - Interim results: no change to underlying forecasts
Renold plc (RNO:LON) | 81.1 0 0.0% | Mkt Cap: 182.8m
- Published:
20 Nov 2024 -
Author:
David Buxton -
Pages:
13 -
The group has posted resilient results in some tough markets, while also posting continuing improvements in operational efficiency and executing on its acquisitive activity through the purchase of Mac Chain in the period. Management reiterates that it is on track to achieve existing underlying forecasts, although news that the Valencia facility has been affected by recent flooding will result in short-term costs to be recognised as exceptional items in FY25, with insurance expected to recover co ....