Renold (RNO)

Sector:

Engineering

Index:

FTSE AIM All-Share

31.10p
   
  • Change Today:
    -0.40p
  • 52 Week High: 34.00
  • 52 Week Low: 11.75
  • Currency: UK Pounds
  • Shares Issued: 225.42m
  • Volume: 92,904
  • Market Cap: £70.10m
  • RiskGrade: 260
  • Beta: 0.84

Renold upgrades 2022 expectations as order book hits record high

By Michele Maatouk

Date: Monday 23 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Renold, a supplier of industrial chain and power transmission products, upgraded its expectations for 2022 on Monday amid a record high order book.
In an update for the four months to the end of July, the company said the strong momentum seen in the fourth quarter of the last financial year has been maintained in the new year, resulting in the continued recovery of revenues and order intake.

"Renold benefits from significant geographic, customer and sector diversification. Consequently, and despite uncertainty caused by considerable raw material and transport cost inflation and continuing supply chain disruption, the board now expects adjusted operating profit for both the first half and full year of FY22 to be higher than both market expectations and the equivalent prior year period," it said.

Order intake in the four-month period rose 61.3% from the year before to £79.7m, at constant exchange rates. Excluding the recently-announced £11.0m long-term military contract, order intake was up 39.1%, or 46.7% at constant exchange rates.

Renold said current order books at £70.5m represent a record high. Meanwhile, sales revenue was 13.6% higher at £62.5m, or 19.9% at constant exchange rates.

The company said net debt remained stable at £18.5m as at 31 July, despite an increase in working capital due to the improved activity levels and much lengthened supply chains.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renold Market Data

Currency UK Pounds
Share Price 31.10p
Change Today -0.40p
% Change -1.27 %
52 Week High 34.00
52 Week Low 11.75
Volume 92,904
Shares Issued 225.42m
Market Cap £70.10m
Beta 0.84
RiskGrade 260

Renold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.11% above the market average90.11% above the market average90.11% above the market average90.11% above the market average90.11% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
91.21% above the market average91.21% above the market average91.21% above the market average91.21% above the market average91.21% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
44.84% below the market average44.84% below the market average44.84% below the market average44.84% below the market average44.84% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renold Dividends

No dividends found

Trades for 03-Dec-2021

Time Volume / Share Price
14:01 2,400 @ 31.10p
14:01 2,400 @ 31.13p
12:16 22,159 @ 31.30p
12:00 2,237 @ 31.30p
10:36 20,000 @ 31.29p

Renold Key Personnel

CEO Robert Purcell
Chair David F Landless

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