Renold plc (GB:RNO) has released an update.
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Renold plc reported a resilient financial performance for the first half of 2024, with revenue slightly down by 1.5% due to currency headwinds but showing a 0.6% increase at constant exchange rates. The company’s adjusted operating profit rose by 1.3%, supported by strategic acquisitions and strong order intake, including a significant military contract. Despite challenges such as flooding in Valencia, Renold remains confident in meeting full-year expectations.
For further insights into GB:RNO stock, check out TipRanks’ Stock Analysis page.
