27.02.2024 RENK Group AG  DE000RENK730

EQS-News: Successful refinancing and rating upgrade


 

EQS-News: RENK Group AG / Key word(s): Financing
Successful refinancing and rating upgrade

27.02.2024 / 16:17 CET/CEST
The issuer is solely responsible for the content of this announcement.


Successful refinancing and rating upgrade

Following its successful public listing on February 7, 2024, RENK Group AG also pushed ahead with the refinancing of its debt. The €520m corporate bond (5.75% senior secured notes due 2025) was redeemed on February 20 and replaced by a €525m term loan from a consortium of banks. The term loan has a maturity of 5 years and is supplemented by a €450m multi-currency guarantee facility and a €75m revolving credit facility, which will remain unutilized until further notice. The variable interest rate of the term loan has been hedged into a fixed rate for a large part of the corresponding volume for 3 years.

On February 23, the rating agency Moody's raised the corporate rating (CFR) of RENK GmbH to Ba3 (from B1) and the outlook to "positive" (from "stable"), citing RENK's "relatively conservative and balanced financial policy" and "robust credit metrics" going forward.

„We are very pleased that we have been able to put our debt financing on a solid footing in the medium term with this competitive package. The 5-year term gives us good visibility, while the extended guarantee facilities give us flexibility to further drive our growth," says Christian Schulz, CFO RENK Group AG, „The rating upgrade from Moody's confirms our view that we are solidly positioned on both the equity and debt side following the successful public listing."




Contact:
Günther Hörbst
Head of Communications and Marketing
Gögginger Straße 73
86159 Augsburg
[email protected]
+49(0)160 5347450


27.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: RENK Group AG
Gögginger Straße 73
86159 Augsburg
Germany
Phone: 0821-5700-0
E-mail: [email protected]
Internet: https://www.renk.com
ISIN: DE000RENK730
WKN: RENK73
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1846493

 
End of News EQS News Service

1846493  27.02.2024 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 469,41 502,22 558,61 550,21 697,66 848,97 925,50
EBITDA1,2 78,97 79,24 83,82 87,60 101,60 161,30 167,52
EBITDA-Marge3 16,82 15,78 15,01 15,92 14,56 19,00
EBIT1,4 60,05 60,21 60,42 61,45 25,32 65,17 88,96
EBIT-Marge5 12,79 11,99 10,82 11,17 3,63 7,68 9,61
Jahresüberschuss1 42,83 42,51 44,17 38,28 -9,58 27,84 32,32
Netto-Marge6 9,12 8,46 7,91 6,96 -1,37 3,28 3,49
Cashflow1,7 24,95 34,71 7,46 91,07 98,08 115,85 76,16
Ergebnis je Aktie8 0,44 0,44 0,46 0,38 -0,10 0,28 0,32
Dividende8 0,15 0,15 0,15 0,00 0,00 0,00 0,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Renk
WKN Kurs in € Einschätzung Börsenwert in Mio. €
RENK73 21,000 2.100,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
25,61 18,18 1,49 59,89
KBV KCV KUV EV/EBITDA
5,62 27,57 2,27 15,20
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
0,00 0,30 1,43 26.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 - 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-14,20% -80,33% 0,93% 2,83%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu RENK Group AG  ISIN: DE000RENK730 können Sie bei EQS abrufen


Spezialmaschinenbau , RENK73 , R3NK , XETR:R3NK