Renk Group Shares Drop on Export Curbs and Order Delays

RENK Group AG, a prominent supplier of transmissions for Leopard 2 tanks, reported full-year revenue for 2025 that aligned with market expectations. However, the company noted that its performance was constrained by significant order delays and government-imposed export restrictions. As a major player in Germany's defense industry, the group has been a primary beneficiary of increased NATO defense spending.

The company’s defense division saw a 24% increase in revenue, reaching 1.02 billion euros ($1.19 billion) in 2025. This segment now accounts for 74% of the firm's total revenue. Despite these growth figures, the company's shares fell by 6% in midday trading on Thursday, even after a 50% rise over the past year.