Renold (RNO) publishes its full-year figures on 30 May, giving investors the chance to assess the group's Tooth Chain acquisition and the ongoing turnaround strategy. The group's chains are utilised in industries including manufacturing, transportation, energy, steel and mining, and across a range of applications from rollercoasters through to escalator chains.
The industrial manufacturer is pursuing a number of self-help measures following softening in some key markets, which eventually prompted a downward steer in profit guidance in the first quarter of 2016. The biggest concern was the downturn in North American markets, but there are signs that aggregate industrial demand across the pond could pick up this year. The group's conveyor chains segment (accounting for around three-quarters of group revenue) should feel the benefit from the improvement in underlying prices within the mining complex - copper recently hit a 20-month high.
