Rheinmetall records sales increase of 49 percent
The increasing demand for defense goods has given Rheinmetall a growth boost in the second quarter. With an increase in sales of 49 percent to 2.23 billion Euro, the operational result is projected to have risen by 111 percent to 271 million Euro, as the defense and technology conglomerate announced on Wednesday. Orders from the Bundeswehr financed from the special fund caused the order intake at Rheinmetall Nominations to reach 11.4 billion Euro.
Against this background and the expected business development in the second half of the year, the Board of Management "at least" confirms the targets. These aim for a revenue of around ten billion Euro and an operational profit margin between 14 and 15 percent. The complete quarterly report will be published on August 8.
Rheinmetall anticipates maintaining its targets, aiming for a revenue of around ten billion Euro and an operational profit margin between 14-15%, given the quarterly revenue increase of 49%. Due to this success, the operational result is projected to surge by 111% to 271 million Euro in the second quarter.
Following the 49% quarterly revenue increase to 2.23 billion Euro, Rheinmetall expects its operational result to rise by 111% to 271 million Euro, signifying a significant percent increase in profitability.
