Renold Plc reports record trading performance & significant earnings growth

Renold plc (LON:RNO), a leading international supplier of industrial chains and related power transmission products, has announced its audited results for the year ended 31 March 2024.

Financial highlights

£m20242023ChangeChange (constant currency)1
Revenue241.4247.1-2.3%+0.9%
Adjusted operating profit229.724.2+22.7%+27.3%
Return on sales212.3%9.8%+250bps+260bps
Adjusted profit before tax222.118.6+18.8%
Net debt324.929.8
Adjusted earnings per share27.8p6.5p+20.0%
Ordinary dividend per share0.5p– 
Additional statutory measures 
Operating profit30.522.9+33.2%
Profit before tax22.917.3+32.4%
Basic earnings per share8.3p5.7p+45.6%
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