Rheinmetall confident of meeting sales and earnings targets for the year

From Investing.com: 2024-08-08 02:12:52

German defence group Rheinmetall is poised to meet its sales and earnings targets for the year after a strong first half, driven by European demand for weapons post-Russia’s invasion of Ukraine. CEO Armin Papperger confirms forecast of record sales of 10 billion euros and an operating profit margin of 14-15% in 2024. Sales surged nearly 50% in Q2 to 2.23 billion euros, with an operating profit doubling and earnings after taxes at 79 million euros. Its backlog rose 62% to 48.6 billion euros in the first half.



Read more at Investing.com: Rheinmetall confident of hitting ‘at least’ full-year targets By Reuters