Finance
Renk's revenue rises more than expected in Q2
Published by Global Banking and Finance Review
Posted on August 13, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 13, 2025
1 min readLast updated: January 22, 2026
Renk's Q2 revenue exceeded expectations with 348 million euros in sales, driven by steady European defense investments and a strong order backlog.
(Reuters) -German tank gearbox maker Renk reported better than expected second-quarter revenue on Wednesday as European countries kept their defence investments steady.
The company, which makes gearboxes for the Leopard 2 tanks sent to Ukraine, reported sales of 348 million euros ($406 million), better than the 338 million euros expected in an LSEG poll of analysts.
In its vehicle mobility solutions (VMS) branch, which in 2024 contributed to roughly two thirds of the company's sales, reported quarterly revenue of 217 million euros, an increase of 35.3% year-on-year.
Renk said its order backlog had reached 5.9 billion euros at the end of the quarter, as it confirmed its 2025 guidance.
($1 = 0.8563 euros)
(Reporting by Paolo Laudani and Maria Rugamer in Gdansk; editing by Milla Nissi-Prussak)
Revenue is the total income generated by a company from its business activities, typically from sales of goods or services, before any expenses are deducted.
Order backlog refers to the total value of orders received by a company that have not yet been fulfilled or delivered to customers.
Financial performance is a measure of how well a company generates revenue and manages its expenses over a specific period, often assessed through financial statements.
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