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Wednesday, March 29, 2023

Arms industry: Weapons manufacturer Rheinmetall is aiming for higher growth

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The group is currently doing well. The head of the company expects another increase in sales this year. Shareholders can rejoice.

The armaments group and automotive supplier Rheinmetall expects even faster growth this year due to increased demand as a result of the Ukraine war. Company boss Armin Papperger expects sales of between EUR 7.4 billion and EUR 7.6 billion in the current year. That would be an increase of around 15 to just over 18 percent. Last year, as already known, the proceeds increased by 13 percent to 6.4 billion.

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The group, which will soon be listed on the Dax, is aiming for an increase to 12 percent in the margin based on the operating result. Last year, the operating margin increased by 1.3 percentage points to 11.8 percent. From a turnover of one euro, almost 12 cents remained as operating profit before interest and taxes (EBIT).

Rheinmetall had already presented key data at the beginning of January and announced that the margin had risen to at least 11.5 percent last year. The bottom line is that the group earned 469 million euros, 61 percent more than in 2021. The shareholders are to receive a dividend increased by one euro to 4.30 euros.

Source: Stern

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