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.

26 May 2015
Strong finals – Margin target raised to “mid teens”

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Strong finals – Margin target raised to “mid teens”
Renold plc (RNO:LON) | 80.7 -0.2 (-0.2%) | Mkt Cap: 181.9m
- Published:
26 May 2015 -
Author:
Chris Thomas -
Pages:
3 -
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.