Renk Group heads into its annual general meeting on June 10 with a packed agenda that puts a double-digit dividend hike, a change at the top of the supervisory board, and an internal restructuring all before shareholders. The stock, meanwhile, is riding a technical and fundamental tailwind that has lifted it around 11% over the past week to €53.11 — a far cry from the 52-week low of €43.99 touched on May 13, but still 40% below last October’s peak of €88.73.
The shareholder meeting will see Claus von Hermann step down as chairman of the supervisory board. The board has proposed Dr. Klaus Richter, a 30-year veteran of the defence, aerospace, and automotive industries, to take his place. Richter spent twelve years at Airbus, latterly as chief procurement officer, and until 2024 served as CEO of the Diehl Group. The ballot also includes a control and profit transfer agreement between Renk Group AG and Renk GmbH designed to simplify intra-group processes.
On the dividend front, the board is proposing €0.58 per share — 38% more than last year’s payout. That translates to a distribution ratio of 40.9%, within the 40-50% range of adjusted net profit that Renk has previously flagged. The move reflects confidence in the company’s trajectory, already underlined in May by the extension of CEO Dr. Alexander Sagel’s contract through March 2032. Since taking the helm in February 2025, Sagel has sharpened Renk’s focus as a defence pure-play and launched the NextGen Mobility technology and innovation agenda.
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Those governance decisions rest on a solid operational foundation. In fiscal 2025, Renk grew revenue by 19.8% to €1.37 billion, with adjusted EBIT rising 21.7% to €230 million and a margin of 16.9%. Order intake hit a record €1.57 billion. The momentum has continued into 2026: the first quarter delivered the strongest start in the company’s history, with order intake of €582.3 million (up from €548.6 million a year earlier), revenue of €283.6 million, and adjusted EBIT of €42.4 million generating a 15.0% margin.
The Vehicle Mobility Solutions segment — drivetrain technology for military platforms — remains the powerhouse. In Q1 it posted order intake of €478.4 million, up more than 20%, with segment revenue of €191.5 million and adjusted EBIT of €35.0 million at a margin of 18.3%. Renk describes the division as the primary growth engine across all three metrics. The group’s total order backlog stood at €6.9 billion at the end of Q1, with the firm portion at around €2.6 billion. More than 90% of planned 2026 revenue is already secured under contract.
Management has reaffirmed its full-year guidance: revenue above €1.5 billion and adjusted EBIT in a range of €255 million to €285 million. The chart, meanwhile, is showing signs of life after the stock crossed above its 38-day moving average on May 26. That technical signal followed a seven-day rally of nearly 14%, though on a 30-day view the stock remains about 4.6% lower. The next resistance zones lie around €55 to €60 — a test that will determine whether the rebound can turn into a sustained recovery.
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