Renold plc announced revenue results for the six months ended September 30, 2013. For the period, the company reported revenue fell by 2.3% in the period compared to the first half of the prior year.

The company provided earnings guidance for the first half of 2013. The first half underlying adjusted operating profit is therefore expected to be substantially better than the first half of the prior year.

The full year results will be sensitive to the successful delivery of the Bredbury closure and associated activities. However, it is expected that the second half will see a similar result to the first half and the Board therefore expects the full year result to be substantially ahead of current market expectations.