What the EUR 130 million KNDS order means for RENK Group stock

Published on 10/18/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deliveries run from 2029 to 2032 under the Leopard 2 contract. For RENK Group stock, H1 revenue was EUR 1.366 billion and order intake EUR 1.571 billion.

Orders and reporting dates

RENK expanded its KNDS contract by EUR 130.0 million on October 14, 2026.
H1 2026 revenue reached EUR 1.366 billion and order intake EUR 1.571 billion.
RENK Group stock closed at EUR 38.33 on October 16, 2026.

Schwarzweiß-Reportagefoto: Mechaniker in Overalls arbeitet an großem Industriegetriebe — RENK Group AG DE000RENK730 – Dokumentarfoto eines Mechanikers beim Arbeiten an einem massiven Getriebe-Gehäuse, Illustration mit AI erstellt.

RENK Group (ISIN DE000RENK730) expanded an existing KNDS Deutschland order by EUR 130.00 million on October 14, 2026, covering Leopard 2 drive components and related controls. Boerse Express reported that deliveries are scheduled from 2029 through 2032, giving the order long-term production relevance rather than an immediate revenue boost.

What does the order add?

The contract covers HSWL-354 transmissions, TCS-354A transmission controls and G4MA11 gear selectors for the Leopard 2 and related vehicle family. The long delivery window extends visibility for RENK's military drivetrain business, while the financial contribution will be spread across several years.

RENK's H1 2026 figures show the operating base behind the order. The company reported EUR 1.366 billion of revenue, EUR 1.571 billion of order intake, EUR 230.00 million of adjusted EBIT and a EUR 6.70 billion backlog in its August 6, 2026 investor update, which also confirmed the full-year outlook. RENK Group

Three events shape the picture

On July 3, 2026, RENK announced the acquisition of David Brown Defence, with completion planned for the fourth quarter of 2026. On October 1, 2026, Bank of America cut its target from EUR 62.50 to EUR 42.50 and moved its rating from Buy to Neutral, as reported by Admirals. On October 14, 2026, RENK announced the EUR 130.00 million KNDS order extension.

Which dates come next?

RENK has scheduled a pre-close call on October 21, 2026, followed by its nine-month 2026 report and conference call on November 5, 2026. Boerse Express reported both dates in its RENK calendar coverage.

Stock enters the reporting window

RENK Group stock closed at EUR 38.33 on Xetra on October 16, 2026. The same dated market snapshot put the market capitalization at EUR 3.8 billion and the 52-week range at EUR 33.48 to EUR 70.66, leaving the upcoming report as the next quantified test of order conversion and profitability.

The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.