The post-tax profit doubled to EUR 108 million from EUR 54 million in the same period last year, reported on Thursday by a company based in Düsseldorf. "We gotta do it and we will do it," he explained Armin Papperger (62), manager General Rheinmetall. "We have seen unprecedented growth in the Group and are getting closer to our goal of becoming a planet leader in defence."
Already in late April, Rheinmetall announced that sales had increased by 46 percent, to EUR 2.3 billion, based on preliminary data. Only in the military manufacture gross increased by around 73 percent. The Group's operating consequence increased by 49 percent to 199 million euros. Rheinmetall shares are undoubtedly the biggest winners of the DAX index this marketing year. On Thursday, the rate increased by about 1 percent at the beginning of the session and was EUR 1640, small below its evidence maximum. Since December, the marketplace has more than tripled.
Sales are expected to increase by at least 25 percent
Rheinmetall confirmed its yearly targets “at least”: sales are expected to increase by 25-30 percent, and in the military manufacture by 35-40 percent. At the same time, the Group intends to act in a more profitable way: an increase in the operating profitability of the profit is expected to increase to around 15,5 percent (previous year: 15,2 percent). The presently planned defence expenditure is not included in the forecast. The group confirmed that Rheinmetall intends to update its forecast as shortly as it becomes more specific.
Russian invasion on Ukraine became a turning point for the Western arms industry. manufacture is urgently needed to strengthen the armed forces. This manufacture is gaining popularity through US president Donald Trump's policy, which pushes for increased defence spending by NATO states and moves distant from liberal democracy in Europe.
