Interim report
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RENK Group AG | Ergebnisveröffentlichung 31.03.2025 1 RENK continues its successful business development from financial year 2024 in the first quarter of 2025: a significant increase in revenue compared to the previous period, total order backlog also increased significantly. - Group revenue grows by 14.7 % YoY to € 273 million - Total order backlog above previous year’s level of € 5.5 billion - Adjusted EBIT increased to € 38 million - Annual forecast for 2025 unchanged: Group revenue > € 1 .3 billion and € 210 -235 million in adjusted EBIT This English RENK Group AG earnings release is provided for convenience only. In the event of any inconsistencies between the English and German versions, the German version shall prevail.
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RENK Group AG | Earnings release as of March 31, 2025 2 Business development in the first three months of 2025 Growth ▪ In the first three months of 2025, RENK was able to record an order intake of € 548,619 thousand (same period of the previous year: € 208,230 thousand ), underscoring the outstanding growth prospects despite an overall economic environment characterized by increasing uncertainty and stress factors. Ground -based military applications dominate this positive development. As of March 31, 2025, the total orde r backlog amounted to € 5.5 billion compared to € 5.0 billion as of December 31, 2024. ▪ Revenue increased significantly by € 34,944 thousand to € 272,617 thousand , against € 237,673 thousand in the same period of the previous year. The foundation for this was the performance of the Vehicle Mobility Solutions (VMS) segment. Thanks to continued high output volumes at the Augsburg site and the stabilization of production in Muskegon (MI), USA, t he positive development was successfully continued at the end of fiscal year 2024. The revenue of the Marine & Industry (M&I) and Slide Bearings (SB) segments remains at a high level. Profitability ▪ Based on the significantly increased revenue volume, EBIT doubled by € 12,478 thousand to € 24,362 thousand , primarily due to economies of scale in the VMS segment. Adjusted EBIT increased by € 10,589 thousand to € 38,419 thousand . The adjustments particularly affect the depreciation and amortization of revalued assets as a result of purchase price allocations (PPA effects) as well as the costs of consulting services. ▪ The adjusted EBIT margin for the first three months of 2025 amounted to 14.1 % compared to 11.7 % in the same period of the previous year. The significant increase in margins is essentially the result of optimized and stabilized production processes in Augsburg and Muskegon (MI), USA. Liquidity ▪ While a positive free cash flow of € 82 thousand was reported in the comparable period of 2024, the figure was negative at € ‑24,896 thousand in the first three months of 2025, mainly due to the increase in net working capital (NWC). ▪ In addition to the effects related to the reporting date, the scheduled build -up of inventories contributed significantly to this. The increase by € 46,061 thousand compared to the beginning of the year reflects the productive activity aimed at fulfilling performance obligations, resulting from the acquired order volume.
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RENK Group AG | Earnings release as of March 31, 2025 3 RENK Group AG 01.01. -31.03. Change in € thousands 2024 2025 in € in % Order intake 208,230 548,619 340,389 163.5 Revenue 237,673 272,617 34,944 14.7 EBIT 11,884 24,362 12,478 105.0 Adjusted EBIT 27,829 38,419 10,589 38.1 Adjusted EBIT margin 11.7% 14.1% n/a 2.4 p.p. Profit (+) / loss (-) after tax (2,772) 771 3,543 127.8 Adjusted net income 8,079 10,243 2,164 26.8 Basic earnings per share (€) (0.03) 0.01 0.04 133.3 Diluted earnings per share (€) 1) (0.03) 0.01 0.04 133.3 1) The insignificant dilution effect results from the accounting of the Long Term Incentive Plan (LTI). ▪ In the first three months of 2025, RENK recorded an order intake of € 548,619 thousand (same period of the previous year: € 208,230 thousand ). The VMS segment with € 396,944 thousand (same period of the previous year: € 78,722 thousand ) and the M&I segment with € 122,342 thousand (same period of the previous year: € 97,986 thousand ) contributed to this outstanding level, which is based on an accumulation of successfully secured contracts. The foundations for this are the Group's military drive solutions for land and naval use, which led to significant new orders in the first three m onths of the fiscal year. As of March 31, 2025, the ratio of incoming orders to revenue (book -to-bill) was 2.0x (same period of the previous year: 0.9x). ▪ Revenue increased significantly from € 237,673 thousand to € 272,617 thousand compared to the same period of the previous year. The VMS segment is primarily responsible for this, as it successfully produced the underlying physical output as planned, continuing the trend from the end of 2024. The revenue of the M&I segment of € 73,086 thousand is moderately below the previous year's figure of € 78,503 thousand due to projects being postponed until the second and third quarter, although it remains at a high level. The SB segment contributed to the positive overall development with € 30,592 thousand (same period of the previous year: € 28,645 thousand ). ▪ Both EBIT and adjusted EBIT showed strong positive development compared to the same period of the previous year. Thanks to the higher revenue volume, the improved operating performance was reflected by a significant increase in profitability. In addition t o economies of scale, the achieved gross margins of the underlying product portfolio were a key factor in this development. As a result, the adjusted EBIT margin increased significantly in the first three months of 2025 to 14.1 % (same period of the previous year: 11.7 %). ▪ In the first three months of 2025, RENK posted a significantly increased profit before tax totaling € 4,760 thousand (same period of the previous year: € 3,795 thousand ). A key factor here was the increase in the operating profit by € 12,478 thousand to € 24,362 thousand , with the figure more than doubling. In addition to interest expenses amounting to € 9,690 thousand (previous year: € 8,796 thousand), in particular US dollar exchange rate effects, which are reported in other financial result, resulted in a high negative financial result of € -19,602 thousand (previous year: € -8,089 thousand). The income tax burden of € 3,989 thousand (same period of the previous year: € 6,567 thousand ) results in a positive after -tax result of € 771 thousand compared to a negative after -tax result of € ‑2,772 thousand in the same period of the previous year. Order backlog Change in € million 31.12.2024 31.03.2025 in € in % Fixed order backlog 2,080 2,331 252 12.1 Frame order backlog 644 604 (40) (6.2) Soft order backlog 2,236 2,539 303 13.5 Total order backlog 4,960 5,475 515 10.4
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RENK Group AG | Earnings release as of March 31, 2025 4 ▪ Fixed order backlog of € 2,331 million reflected an increase of € 252 million compared to the same period of the previous year. This growth primarily relates to incoming orders for land -based military drive solutions in the VMS segment, although the marine sector of the M&I segment also contributed to this positive development. The fixed order backlog is 76.5% for VMS (December 31, 2024: 76.1%), 20.3% for M&I (December 31, 2024: 20.5%), and 3.3% for SB (December 31, 2024: 3.4%). The total order backlog was also positively influenced by the increase in the soft order backlog, due to the rising defense budgets of RENK's customers. Free cashflow 01.01. -31.03. Change in € thousands 2024 2025 in € in % EBIT 11,884 24,362 12,478 105.0 Amortisation and depreciation of intangible assets and property, plant and equipment (incl. PPA amortisation and depreciation) 18,650 18,937 287 1.5 EBITDA 30,534 43,299 12,765 41.8 Interest received 497 779 282 56.7 Interest payments (25,334) (7,732) 17,602 69.5 Income tax payments (4,891) (6,458) (1,567) (32.0) Change in net working capital 3,659 (49,538) (53,197) < -200,0 Change in inventories (17,569) (46,061) (28,492) (162.2) Change in trade receivables and contract assets 2,009 (39,685) (41,694) < -200,0 Change in trade payables (20,941) 7,724 28,665 136.9 Changes in contract liabilities and customer prepayments received 40,160 28,484 (11,676) (29.1) Investments in property, plant and equipment and intangible assets (7,871) (4,962) 2,909 37.0 Other1) 3,488 (284) (3,772) (108.1) Free cashflow 82 (24,896) (24,978) < -200,0 1) Other reconciliation items include changes in provisions, other receivables and liabilities, unless these are attributable to NWC, as well as other cash and non-cash effects of minor importance. ▪ The increase in EBITDA by € 12,765 thousand to € 43,299 thousand (same period of the previous year: € 30,534 thousand ) was primarily driven by the positive EBIT development. ▪ Interest payments totaling € 7,732 thousand were € 17,602 thousand lower compared to the previous year, which had a positive effect on the development of free cash flow. In the same period last year, different interest payment timings compared to the interest accrual schedule, as well as prepayment penalties, resulted in a significantly higher interest burden. ▪ Net working capital has increased noticeably compared to the beginning of the fiscal year. The overall effect on the free cash flow amounts to € ‑49,538 thousand (same period of the previous year: € 3,659 thousand ) and is largely shaped by the planned increase in inventories by € 46,061 thousand . This is due to advanced production activities undertaken to fulfill delivery obligations in subsequent quarters. The increase in trade receivables and contract assets as of the reporting date of € 39,685 thousand contributed to the increase in NWC. The i ncrease in trade payables of € 7,724 thousand as well as the increase in customer prepayments received and contract liabilities by € 28,484 thousand had an opposite effect, although this did not compensate for the increase in assets. ▪ The investment payments, amounting to € 4,962 thousand (same period of the previous year: € 7,871 thousand ), relate mainly to production facilities, and in the first three months of 2025 correspond to approximately 1.8% (same period of the previous year: 3.3%) based on revenue. ▪ Overall, the free cash flow as of March 31, 2025 was negative and amounted to € ‑24,896 thousand . The cash inflow in the same period of the previous year of € 82 thousand was largely determined by a reduction in NWC, which more than offset the higher interest payments.
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RENK Group AG | Earnings release as of March 31, 2025 5 Vehicle Mobility Solutions (VMS) 01.01. -31.03. Change in € thousands 2024 2025 in € in % Order intake 78,722 396,944 318,222 > 200 Revenue 134,456 172,228 37,772 28.1 EBIT 19,507 27,623 8,116 41.6 Adjusted EBIT 19,539 28,641 9,102 46.6 Adjusted EBIT margin 14.5% 16.6% n/a 2.1 p.p. ▪ The € 318,222 thousand significant increase in order intake amounting to € 396,944 thousand , is attributable to major orders for military drive solutions in the VMS segment, particularly in the USA. ▪ VMS recorded a strong increase in revenue of 28.1 % to € 172,228 thousand , thus continuing the trend of increased output volumes from the end of 2024. In addition to the continued strong performance in Augsburg, the stabilized production volumes at our site in Muskegon (MI), USA, also contributed to this. ▪ Based on revenue growth, EBIT increased significantly by € 8,116 thousand to € 27,623 thousand . Economies of scale made a decisive contribution to this. Adjusted EBIT amounted to € 28,641 thousand compared to € 19,539 thousand in the same period of the previous year. ▪ As a result, the adjusted EBIT margin of VMS increased significantly from 14.5 % to 16.6 %, as the increase in profitability was even stronger than the revenue growth. Marine & Industry (M&I) 01.01. -31.03. Change in € thousands 2024 2025 in € in % Order intake 97,986 122,342 24,356 24.9 Revenue 78,503 73,086 (5,416) (6.9) EBIT 4,407 7,218 2,811 63.8 Adjusted EBIT 4,822 7,462 2,640 54.7 Adjusted EBIT margin 6.1% 10.2% n/a 4.1 p.p. ▪ The order intake of M&I amounting to € 122,342 thousand was € 24,356 thousand higher than in the same period of the previous year. This above -average volume is mainly attributable to the marine sector. ▪ The revenue of the segment amounted to € 73,086 thousand (same period of the previous year: € 78,503 thousand ), with the level remaining high despite a moderate decrease of ‑6.9 %. Due to lower incoming orders in 2024, there was a decline in the area of industry -related drive solutions, which played a prominent role in the same period last year. By contrast, in the marine sector, physical output increased due to intensified production activities. ▪ As a result, M&I also achieved a positive EBIT of € 7,218 thousand , compared to € 4,407 thousand in the same period of the previous year. Adjusted EBIT also developed very positively, amounting to € 7,462 thousand in the first three months of 2025 (same period of the previous year: € 4,822 thousand ). This is primarily due to high -margin business in the marine sector and aftermarket. ▪ The adjusted EBIT margin increased by 4.1 percentage points to 10.2 % due to the higher growth of adjusted EBIT relative to revenue growth.
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RENK Group AG | Earnings release as of March 31, 2025 6 Slide Bearings (SB) 01.01. -31.03. Change in € thousands 2024 2025 in € in % Order intake 38,713 36,704 (2,009) (5.2) Revenue 28,645 30,592 1,947 6.8 EBIT 4,837 5,285 448 9.3 Adjusted EBIT 4,837 5,285 448 9.3 Adjusted EBIT margin 16.9% 17.3% n/a 0.4 p.p. ▪ The order intake of the SB segment fell moderately by € 2,009 thousand compared to the same period of the previous year due to two major orders in 2024, yet still reached a satisfactory level of € 36,704 thousand . The underlying demand was primarily focused on marine and e -bearings. ▪ The moderate increase in revenue in this segment from € 28,645 thousand to € 30,592 thousand is primarily due to an increased physical output of marine, turbo and vertical bearings, as well as aftermarket sales. ▪ Due to high -margin new business and a high aftermarket share of 9.3 %, the increase in profitability was disproportionately high in relation to revenue growth. EBIT and adjusted EBIT therefore amounted to € 5,285 thousand compared to € 4,837 thousand in the same period of the previous year. ▪ This results in an adjusted EBIT margin for the first three months of 2025 of 17.3 %, which reflects to a slight increase of 0.4 percentage points.
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RENK Group AG | Earnings release as of March 31, 2025 7 Adjustments 01.01. -31.03. Change in € thousands 2024 2025 in € in % Effects of purchase price allocations 10,972 11,025 53 0.5 M&A activity related costs 38 305 267 > 200 Capital market readiness costs 2,184 - n/a n/a Costs for implementing efficiency programs 1,128 - n/a n/a Consulting costs for refinancing long-term financial liabilities 870 - n/a n/a Global system improvements 152 1,647 1,495 > 200 Implementation tax compliance standards 225 134 (91) (40.3) Other adjustments 378 946 569 150.6 Adjustments total 15,946 14,057 (1,889) (11.8) ▪ At € 11,025 thousand (same period of the previous year: € 10,972 thousand ), the adjustments are mainly attributable to the effects of purchase price allocations, which mainly relate to depreciation and amortization of remeasured fixed assets and are allocated to the reconciliation of consolidated financial statements. ▪ The other adjustments primarily relate to consulting services for other individual issues. Reconciliation of consolidated financial statements 01.01. -31.03. Change in € thousands 2024 2025 in € in % Adjusted EBIT of segments 29,199 41,388 12,189 41.7 Reconciliation consolidated financial statement (1,370) (2,970) (1,600) 116.8 Adjusted EBIT margin 27,829 38,419 10,589 38.1 The reconciliation items include costs for corporate functions and their allocation within the Group.
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RENK Group AG | Earnings release March 31, 2025 8 Outlook Forecast In the opinion of the Management Board, the forecast assumptions as set out in Annual Report 2024 remain unchanged. In particular, the underlying business outlook therefore does not take into account any change in customer demand due to a possible reorient ation of spending behavior for military technology considering recent geopolitical factors. Based on this, RENK continues to expect consolidated revenue for fiscal year 2025 to be greater than €1,3 billion and an adjusted EBIT of between € 210 million and € 235 million. Notes on forward -looking statements Recordings of the conference calls for journalists, analysts and investors will be made available afterwards. You can download the financial publications from the Internet at https://www.ir.renk.com/ . This document contains statements that relate to our future business development and future financial performance as well as to future events or developments concerning RENK Group AG and may constitute forward -looking statements. These statements can be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” and “predict” or similar terms. We may also make forward -looking statements in other reports, prospectuses, presentations, materials sent t o shareholders and press releases. In addition, from time to time our representatives may make oral forward -looking statements. Such statements are based on current expectations and certain assumptions made by the management of RENK Group AG, many of which are beyond the control of RENK Group AG. They are therefore subject to a variety of risks, uncertainties and other factors that are described in publications – in particular in the section entitled Report on expected developments with their significant opportunities and risks in the Annual Report and in the Half -Year Financial Report, which should be read together with the Annual Report – but are not limited to those described. If one or more of these risks or uncertainties materialize, force majeure events such as pandemics occur, or it turns out that the underlying expectations, including future events, do not occur or occur later or assumptions have not been fulfilled, the act ual results, performance and successes of RENK Group AG (both negative and positive) may differ significantly from those results that were expressly or implicitly stated in the forward -looking statement. RENK Group AG assumes no obligation and does not int end to update these forward -looking statements or to correct them if developments differ from those expected. This document contains supplementary financial measures – not precisely defined in relevant accounting frameworks – which are or may be what are k nown as alternative performance measures. When assessing the net assets, financial position and results of operations of RENK Group AG, these supplementary financial measures should not be used in isolation or as an alternative to the financial indicators presented in the consolidated financial statements and determined in accordance with the relevant accounting framework. Other companies that present or report alternative performance measures with similar titles may calculate them differently. Due to round ing, individual numbers in this and other reports may not add up exactly to the totals shown and percentages presented may not precisely reflect the absolute values to which they refer. This document is a quarterly statement pursuant to Section 53 of the S tock Exchange Rules of the Frankfurt Stock Exchange.
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RENK Group AG | Earnings release March 31, 2025 9 On May 14, 2025 from 2:00 p.m. CET, the conference call for analysts and investors on the financial figures for the first three month of fiscal year 2025 will be broadcast on the Internet. It is available on our Investor Relations website: https://ir.renk.com/publications/ . Contact: Investor Relations investors@renk.com Corporate Communications fabian.klee@renk.com Financial calendar 2025: June 04, 2025 Annual General Meeting August 13, 2025 Half-Year Results 2025 November 13, 2025 Earnings release September 30, 2025 November 20, 2025 Capital Markets Day
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RENK Group AG | Earnings re lease March 31, 2025 10 Financial information March 31, 2025
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RENK Group AG | Earnings release as of March 31, 2025 11 Selected key performance indicators Growth 01.01. -31.03. Change in € thousands 2024 2025 in € in % Order Intake 208,230 548,619 340,389 163.5 Revenue 237,673 272,617 34,944 14.7 Profitability 01.01. -31.03. Change in € thousands 2024 2025 in € in % EBIT 11,884 24,362 12,478 105.0 Adjusted EBIT 27,829 38,419 10,589 38.1 EBIT margin 5.0% 8.9 % n/a 3.9 p.p. Adjusted EBIT margin 11.7% 14.1 % n/a 2.4 p.p. Financial result (8,089) (19,602) (11,513) -142.3 Profit (+) / loss (-) before tax 3,795 4,760 965 25.4 Income taxes (6,567) (3,989) 2,578 39.3 Profit (+) / loss (-) after tax (2,772) 771 3,543 127.8 Adjusted net income 8,079 10,243 2,164 26.8 Basic earnings per share (€) -0.03 0.01 0.04 133.3 Diluted earnings per share (€) 1) -0.03 0.01 0.04 133.3 1) The insignificant dilution effect results from the accounting of the Long Term Incentive Plan (LTI). Liquidity 01.01. -31.03. Change in € thousands 2024 2025 in € in % Free cashflow 82 (24,896) (24,978) < (200) 31.12.2024 31.03.2025 in € in % Net debt1) 375,305 411,028 35,723 9.5 Net debt / LTM adj. EBITDA2) 1.7 1.8 n/A 0.1 p.p. 1) Net Debt is defined as sum of SSFA and lease liabilities minus cash and cash equivalents. 2) Adjusted LTM EBITDA is defined as operating result of the last twelve months before amortization and depreciation of intangib le assets and property, plant and equipment, PPA amortization and depreciation as well as profits/losses from sale of PPA assets a nd adjusted by certain positions which are considered one-off or recurring by the Management Board. An overview is provided in the table detailing adjustments. Employees Change 31.12.2024 31.03.2025 in € in % Germany 2,895 2,916 21 0.7 Except Germany 1,107 1,155 48 4.3 Group total 4,002 4,071 69 1.7
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RENK Group AG | Earnings release as of March 31, 2025 12 Consolidated income statement in € thousands 2024 01.01.-31.03. 2025 01.01.-31.03. Revenue 237,673 272,617 Cost of sales (187,679) (206,315) Gross profit 49,994 66,302 Distribution expenses (15,210) (16,761) General and administrative expenses (23,637) (22,253) Net allowances on financial assets 383 70 Other income1) 4,876 3,332 Other expenses1) (4,522) (6,327) Operating profit 11,884 24,362 Interest expense (8,796) (9,690) Other financial result 707 (9,912) Financial result (8,089) (19,602) Profit / loss before tax 3,795 4,760 Income taxes (6,567) (3,989) Profit / loss after tax (2,772) 771 of which attributable to: Profit attributable to non-controlling interests (6) 90 Profit attributable to shareholders of RENK Group AG (2,778) 681 Basic earnings per share (€) (0.03) 0.01 Diluted earnings per share (€) 2) (0.03) 0.01 Weighted average number of ordinary shares outstanding (basic) (in million) 0 100 Weighted average number of ordinary shares outstanding (diluted) (in million) 100 100 1) Deviating item designation compared to the previous year’s earnings release. 2) The insignificant dilution effect results from the accounting of the Long Term Incentive Plan (LTI).
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RENK Group AG | Earnings release as of March 31, 2025 13 Consolidated statement of comprehensive income in € thousands 2024 01.01.-31.03. 2025 01.01.-31.03. Profit (+) / loss (-) after tax (2,772) 771 Items not reclassified to profit or loss Remeasurement of defined benefit liability 203 3,348 Deferred taxes (1,169) (988) (966) 2,360 Items reclassified to profit or loss in the future Currency translation differences 2,104 (4,961) Cash flow hedges (33) 525 Deferred taxes - (168) 2,071 (4,604) Other comprehensive income for the period 1,105 (2,244) Total comprehensive income (1,667) (1,473) Total comprehensive income attributable to non -controlling interests (1) (154) Total comprehensive income attributable to shareholders of RENK Group AG (1,666) (1,319) 0 0
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RENK Group AG | Earnings release as of March 31, 2025 14 Consolidated statement of financial position Assets in € thousands December 31, 2024 March 31, 2025 Intangible assets 360,529 344,304 Property, plant and equipment 320,732 318,463 Other and financial investments 817 817 Deferred tax assets 22,392 22,681 Other non-current financial assets 99 6 Other non-current receivables 12,674 14,514 Non-current assets 717,243 700,785 Inventories 391,239 437,300 Trade receivables 163,624 176,323 Contract assets 114,939 137,431 Current income tax receivables 11,960 10,835 Other current financial assets 6,915 5,875 Other current receivables 19,001 27,880 Cash and cash equivalents 164,306 128,548 Currents assets 871,984 924,193 1,589,227 1,624,977 Equity and liabilities in € thousands December 31, 2024 March 31, 2025 Share capital 100,000 100,000 Capital reserves 172,674 172,890 Retained earnings 134,914 135,703 Cumulative other comprehensive income 33,326 31,326 Equity attributable to shareholders of RENK Group AG 440,914 439,919 Equity attributable to non-controlling interests 5,753 5,582 of which non-controlling interests in consolidated net income for the year 1,442 90 Equity 446,667 445,501 Non-current financial liabilities 527,164 527,124 Pension provisions 2,657 2,731 Deferred tax liabilities 77,226 75,559 Contract liabilities, non-current 39,032 60,402 Other non-current provisions 12,127 12,240 Other non-current financial liabilities 5,717 5,230 Other non-current liabilities 3 13 Non-current liabilities and provisions 663,927 683,300 Current financial liabilities 6,386 6,483 Income tax liabilities 30,772 31,056 Trade payables 116,956 124,664 Contract liabilities, current 231,376 232,999 Other current provisions 39,989 42,227 Other current financial liabilities 2,024 1,724 Other current liabilities 51,130 57,024 Current liabilities and provisions 478,633 496,177 1,589,227 1,624,977
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RENK Group AG | Earnings release as of March 31, 2025 15 Consolidated statement of cash flows in € thousands 2024 01.01.-31.03. 2025 01.01.-31.03. Cash and cash equivalents at beginning of period 102,216 164,306 Profit / loss before tax 3,795 4,760 Income taxes paid (4,891) (6,458) Depreciation, amortization and impairment losses on intangible assets and property, plant and equipment 18,650 18,937 Change in provisions for pension obligations (3,434) 2,434 Result from asset disposals (5) (21) Other non-cash expenses and income 2,270 (2,493) Change in inventories (17,569) (43,144) Change in other assets1) (4,654) (45,553) Change in liabilities 1) 33,604 36,604 Change in other provisions (2,593) 2,351 Financial result 8,089 19,602 Cash flows from operating activities 33,262 (12,981) Payment to acquire property, plant and equipment and intangible assets (7,871) (4,962) Proceeds from asset disposals 1) 5 91 Payments for the acquisition of subsidiaries or other business units less acquired cash and cash equivalents - (5,788) Cash flows from restricted cash 3,855 (2,425) Interest received 497 779 Cash flow from investing activities (3,514) (12,306) Equity contributions 1,978 - Change in cash-pool liabilities (2,598) - Payment from the redemption of bonds (520,000) - Proceeds from the raising of financial loans 514,800 - Lease payments (472) (931) Interest payments (25,334) (7,732) Cash flows from financing activities (31,626) (8,663) Effect of exchange rate changes on cash and cash equivalents 319 (1,809) Change in cash and cash equivalents due to changes in the scope of consolidation 1,097 - Change in cash and cash equivalents (462) (35,758) Cash and cash equivalents at end of period 101,754 128,548 Loans receivables 319 - Restricted cash 2,576 3,643 Gross liquidity at end of period 104,649 132,191 Financial liabilities (524,050) (533,384) Net liquidity at end of period (419,402) (401,193) 1) Deviating item designation compared to the previous year’s earnings release.
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RENK Group AG | Earnings release Q1 FY 2024 16 Segment information Segment information 01.01. -31.03. Revenue EBIT Adj. EBIT Adj. EBIT margin in € thousands 2024 2025 2024 2025 2024 2025 2024 2025 VMS 134,456 172,228 19,507 27,623 19,539 28,641 14.5% 16.6% M&I 78,503 73,086 4,407 7,218 4,822 7,462 6.1% 10.2% SB 28,645 30,592 4,837 5,285 4,837 5,285 16.9% 17.3% Total segments 241,604 275,906 28,751 40,126 29,199 41,388 12.1% 15.0% Reconciliation consolidated financial statements (3,931) (3,289) (16,868) (15,764) (1,370) (2,970) 34.8% 90.3% RENK 237,673 272,617 11,884 24,362 27,829 38,419 11.7% 14.1%
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Section: 4 Back cover