Renk Locks In David Brown Defence as Nine-Month Orders Climb 33.6%

Renk has completed its purchase of David Brown Defence from Stellex Capital Management, closing the deal on 2 November after all required regulatory clearances came through. The acquired business now trades as RENK UK Huddersfield, and the site is earmarked to become a centre of excellence for submarine propulsion systems. With the transaction signed off, the change of ownership is complete, though Renk frames the plant's expanded role as a forward-looking assignment rather than an accomplished fact.

Guidance Restated for Continuing Operations

The Huddersfield acquisition lands alongside a portfolio move in the opposite direction: Renk has agreed to sell its plain bearings business. Stripping that unit out, the company expects roughly €1.4 billion in revenue for 2026 from its continuing operations, with adjusted EBIT guided to a range of €240–255 million. Both figures are tied to the businesses Renk will keep once the bearings disposal goes through.

Order Intake Outruns Top Line

For the first nine months of 2026, Renk booked orders worth €1.66 billion — a 33.6% jump year on year. The backlog stood at €7.6 billion at the end of the reporting period. Revenue for the same stretch advanced 5.8% to €982.0 million, while adjusted EBIT rose 12.7% to €158.8 million. Order intake and adjusted operating profit therefore both grew considerably faster than sales, with the earnings line outpacing revenue by roughly twice the rate.

Shares Still Deep in the Red

The stock added 1.3% on Friday to €33.09, a modest rebound that leaves it down 39% since the start of the year.

Keblyte to Take the Finance Reins

On the executive floor, the supervisory board has named Jurate Keblyte as chief financial officer effective March 2027. Anja Mänz-Siebje will not extend her current board mandate, and the handover of the finance function is scheduled for the end of the first quarter of 2027. Under the announced arrangement, Mänz-Siebje continues in the role until then, with Keblyte's appointment taking effect in March.