An employee works in the final assembly of gearbox production at the RENK Group, a leading global supplier of highly efficient drive and gearbox technology for the defence industry in Augsburg, Germany, November 20, 2025. REUTERS
May 6 (Reuters) – German tank gearbox and naval propulsion supplier Renk posted first-quarter order intake above analysts’ estimates on Wednesday, as strong demand at its core military vehicle business expanded its backlog.
Quarterly order intake rose 6.1% to 582.3 million euros ($683.2 million), beating the 557.4 million euros expected in a company-compiled consensus.
($1 = 0.8524 euros)
Reporting by Hugo Lhomedet, editing by Milla Nissi-Prussak
