Weapons
Rheinmetall is significantly expanding its business
From an economic perspective, the Ukraine war was a strong tailwind for Rheinmetall; since the start of the war, the stock market price has increased more than fivefold. The latest business figures are once again positive.
Against the backdrop of the war in Ukraine, Germany’s largest arms company Rheinmetall is doing significantly more business. The company announced in Düsseldorf that group sales grew by 36 percent to 6.3 billion euros in the first nine months of this year.
The operating result even shot up by 72 percent to 705 million euros – meaning the gunsmith’s business became significantly more profitable than before. The order books are fuller than ever before; the order backlog now stands at 52 billion euros. “Rheinmetall is needed, as our numerous order successes show,” says company boss Armin Papperger. “We are experiencing growth that we have never had before in the group.”
Rheinmetall produces tanks, artillery, anti-aircraft guns, ammunition and military trucks. Its military goods are not only used directly in Ukraine, but they are also purchased by NATO states that have felt threatened since Russia’s attack and are therefore investing significantly more money in their army than before. Rheinmetall’s headquarters are in Düsseldorf and its largest plant is in Unterlüß in Lower Saxony.
dpa
Source: Stern
