As previously reported at the H1 update, the first half of the year was a frustrating period for Renold, with good progress converting organic growth opportunities but with the benefits of this not evident in profitability due to material price increases (which the company had flagged previously at the AGM) and machine breakdowns at Einbeck, which resulted in significant additional costs and some lost sales.
14 Nov 2017
Interims – Frustrating H1 but strategy on track
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Interims – Frustrating H1 but strategy on track
Renold plc (RNO:LON) | 47.4 0.1 0.4% | Mkt Cap: 106.8m
- Published:
14 Nov 2017 -
Author:
Chris Thomas -
Pages:
5
As previously reported at the H1 update, the first half of the year was a frustrating period for Renold, with good progress converting organic growth opportunities but with the benefits of this not evident in profitability due to material price increases (which the company had flagged previously at the AGM) and machine breakdowns at Einbeck, which resulted in significant additional costs and some lost sales.