Renold reports stable interim results and strategic progress

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 2024.

Financial summaryHalf year ended Change 
(Constant
currency)1
£m30 September 202430 September 2023
Change
Revenue123.4125.3  (1.5)%+0.6%
Adjusted operating profit215.215.0+1.3%+4.0%
Return on sales212.3%12.0%+30bps+40bps
Adjusted profit before tax211.311.3
Net debt342.228.3
Adjusted earnings per share24.2p3.8p+10.5%
 
Additional statutory measures 
Operating profit13.416.2(17.3)%
Profit before tax9.512.5(24.0)%
Basic earnings per share3.3p4.4p(25.0)%
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