Renk Group to divest Slide Bearings unit to Miba and revises 2026 guidance
Renk has signed a deal to divest its Slide Bearings unit to Miba AG and revised 2026 guidance for continuing operations, per GlobeNewswire.
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what happened
Renk Group AG has signed an agreement to divest its Slide Bearings operation to Miba AG. According to GlobeNewswire, the price falls within a range of low to mid three-digit million euros, and completion still requires regulatory approvals.
At the same time, the company revised its 2026 outlook for continuing operations. It now expects revenue of roughly 1.4 billion euros and adjusted EBIT between 240 and 255 million euros. The unit will be reported as discontinued under IFRS 5 in the fourth quarter of 2026.
why it matters
For investors, the sale could bring cash into the group, but the timing of proceeds depends on approvals. The restated revenue base will change year-on-year comparisons, and the adjusted EBIT range will be the main gauge of margins in the defense-focused core business.
market impact
Renk shares: the sale of a non-core asset and new profit guidance shape how the stock is valued
tags
instruments
sources
- Renk Group AG (R3NK) To Sell Slide Bearings Unit; Updates 2026 Guidance — globenewswire.com, 21 October 2026 at 23:39 UTC
- RENK Group AG (R3NK) Sells Slide Bearings Unit to Miba; Updates FY26 Guidance — globenewswire.com, 21 October 2026 at 23:50 UTC
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