Renold plc Strategic and operational progress driving record earnings growth

Renold Plc (LON:RNO), a leading international supplier of industrial chains and related power transmission products, has announced its interim results for the six month period ended 30 September 2023.

Financial summaryHalf year ended Change %
(Constant
currency)1
£m30 September 202330 September 2022
Change %
Revenue125.3116.3+7.7%+10.7%
Adjusted operating profit215.09.6+56.3%+59.4%
Return on sales212.0%8.3%+370bps+360bps
Adjusted profit before tax211.37.3+54.8%
Net debt328.334.0
Adjusted earnings per share23.8p2.7p+40.7%
 
Additional statutory measures 
Operating profit16.28.8+84.1%
Profit before tax12.56.5+92.3%
Basic earnings per share4.4p2.3p+91.3%
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