Defence supplier Renk’s stock plunges nearly 50% from peak as operational metrics improve; management announces governance changes, new chairman, and record dividend to restore market confidence.
The market’s verdict on Renk is getting harsher by the day — even as the defence supplier’s operational scorecard keeps improving. Shares touched a fresh 52-week low of €43.91 on Friday, nearly 50% below the peak hit last October, before recovering marginally to €45.09. That price action stands in stark contrast to a business firing on multiple cylinders: a €7 billion order backlog, double-digit earnings growth, and a newly announced 38% dividend hike.
Management is now rolling out a package of governance and…
