Rheinmetall AG reports its fiscal year 2023 earnings with an operating margin of 12.8% and operating profit of EUR918 million, slightly below expectations. The company forecasts sales of about EUR10 billion for 2024, expecting growth amid rising geopolitical tensions. Rheinmetall's 2023 results show sales growth of 11.9%, with significant increases in weapons and ammunition sales. The company's earnings per share rose by 34% to €14.65, and the dividend increased by 33% to €4.30. The 2024 outlook projects a sales increase of 39% to €10 billion and an EBIT margin of 14-15%, indicating substantial EBIT growth from €8.92 billion to €14.5 billion. Rheinmetall aims to secure a contract to develop the successor model to the US Bradley tank, expressing confidence in its chances. The company is seen as an outlier in the declining German industrial landscape, with a stock performance of 424% since 2022, ranking as the second-best performer in the MSCI World index.
German Tank Builder Says "New Decade Of Security Policy Begins" As Defense Bull Market Roars https://t.co/vCc2KD0Ml1
⚠️ RHEINMETALL HOPES TO WIN US BRADLEY SUCCESSOR CONTRACT, CEO SAYS Full Story → https://t.co/n02eUjopau Rheinmetall sees good chances of winning a contract to develop the successor model to the US Bradley tank, CEO Armin Papperger said on Thursday, adding that he expects a…
Good Morning from Germany, home of the largest manufacturer artillery ammunition Rheinmetall, an outlier in the declining German industrial landscape. W/a performance of 424% since 2022, the stock is 2nd best performing in MSCI World, better than Nvidia or energy drink maker… https://t.co/YNjZCHTb21
Rheinmetall forecasts record sales amid Europe’s ‘changing threat situation’ https://t.co/YxWRtMpzCs
Rheinmetall $RHM 2023 results Sales +11.9%, incl. Weapons & Ammunition +29.2% EBIT +19.4% EPS +34% (€14.65, 28.8x P/E) Dividend +33% (€4.30, 1% yield) 2024 outlook for €10bn sales (+39%) EBIT Margin 14-15% (2023: 12.8%) Implying 62% EBIT growth (€8.92bn to €14.5bn) https://t.co/dHwPdnQvAM
Arms Maker Rheinmetall Forecasts Another Year of Sales Growth Amid Rising Geopolitical Tensions https://t.co/LnDTC72vCI
Rheinmetall AG FY 23 Earnings: - Operating Margin: 12.8% (exp 12.4%) - Operating Profit: EUR918M (exp EUR924.5M) - Sees 2024 Sales About EUR10B (exp EUR9.59B)