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Sunday, February 5, 2023

How Rheinmetall profited from war deliveries

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The shares of the armaments group, which is also active as an automotive supplier, have meanwhile increased by around three percent to EUR 229.50 and thus reached a record high. Since the Russian invasion of Ukraine, paper has risen by 170 percent. As reported, Germany will deliver 14 Leopard main battle tanks to Ukraine. Rheinmetall manufactures the tanks.

“The direct financial impact is limited, but it would trigger a very positive mood in the shares,” said one dealer. Because the tanks supplied by Germany and other countries would have to be replaced, which speaks for increasing orders for Rheinmetall.

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Rheinmetall was founded in 1889 and has its headquarters in Düsseldorf. The company recently had a turnover of 6.4 billion euros with around 25,000 employees.

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Source: Nachrichten

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