Renold (RNO)

Sector:

Engineering

Index:

FTSE AIM All-Share

72.40p
   
  • Change Today:
    -0.60p
  • 52 Week High: 74.00
  • 52 Week Low: 37.60
  • Currency: UK Pounds
  • Shares Issued: 225.42m
  • Volume: 48,264
  • Market Cap: £163.20m
  • RiskGrade: 260

Renold shares surge on upbeat profit outlook

By Sean Farrell

Date: Thursday 14 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Renold said annual profit would be significantly higher than expectations, boosted by record orders and price increases at the. industrial products group.
Revenue in the year that ended on 31 March rose 18%, or 22% at constant currency, to £195m as orders increased 32%, or 36% at constant currency, to £223.7m, Renold said in a trading update.

Shares of Renold jumped 28.5% to 25.83p at 08:37 BST.

Renold, which makes industrial chains and power transmission products, said it had record orders worth £84.1m, up from £53.6m a year earlier. Excluding a recently announced £11m military contract, orders rose 25% or 29% excluding currency movements.

The company said: "As a result of the stronger sales, benefits of cost reduction and efficiency programmes, and the successful implementation of price increases running ahead of raw material and energy cost increases, the board is now expecting underlying trading profit for FY22 to be materially ahead of the previous upwardly revised expectations."

Renold said a number of one-off items would add an extra £4m to annual operating profit.

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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 72.40p
Change Today -0.60p
% Change -0.82 %
52 Week High 74.00
52 Week Low 37.60
Volume 48,264
Shares Issued 225.42m
Market Cap £163.20m
RiskGrade 260

Renold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.89% below the market average44.89% below the market average44.89% below the market average44.89% below the market average44.89% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average
Price Trend
90.31% above the market average90.31% above the market average90.31% above the market average90.31% above the market average90.31% above the market average
93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average
Income
60.38% below the market average60.38% below the market average60.38% below the market average60.38% below the market average60.38% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
75.96% above the market average75.96% above the market average75.96% above the market average75.96% above the market average75.96% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renold Dividends

  Latest Previous
  Final Final
Ex-Div 08-Aug-24 n/a
Paid 17-Sep-24 n/a
Amount 0.50p 0.000p

Trades for 03-Jun-2025

Time Volume / Share Price
09:21 558 @ 72.48p
09:06 412 @ 72.47p
08:44 220 @ 72.80p
08:44 2,343 @ 72.40p
08:44 10,000 @ 72.60p

Renold Key Personnel

CEO Robert Purcell
Chair David F Landless

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