Renold plc announced interim management statement for period from October 1, 2013 to January 31, 2014. For the period, the company reported that underlying group revenue was down 1.3% compared to the same four months in the prior year. This represents a slowing in the rate of year on year revenue decline which was 2.2% in the first half of the current financial year.

For the year 2014, the company anticipates that the adjusted operating profit will be above the upper end of current market expectations.