IN BRIEF: Renold sees results in line with guidance, buys chain maker
IN BRIEF: Renold sees results in line with guidance, buys chain maker Wed, 14th Apr 2021 11:50 Renold PLC - Manchester-based engineering equipment maker - Trading in financial year ended 31 March is in line with company's revised expectations. Revenue falls 13% to GBP165.3 million in the full year, but this eased to just 8.3% in the fourth quarter, attributed to global supply chain constraints. Cash generation is better than initially expected, with net debt halved to GBP18.4 million from GBP36.6 million. Renold also completed the purchase of Manchester-based conveyor chain business of Brooks...
Source: lse.co.uk