Tue. Dec 3rd, 2024

Rheinmetall Sales +33%, Earnings +70%.

ByLisa Luckas

11/07/2024
Bundeswehr Orders 6,500 Trucks From Rheinmetall, Worth €3.5BnBundeswehr Orders 6,500 Trucks From Rheinmetall, Worth €3.5Bn
  • Very dynamic military business: Group sales up in the first nine months by 36% to €6.3 billion
  • Operating result jumps from €410 million to €705 million by 72%
  • Operating margin in the Group climbs to 11.3%
  • Orders increased significantly: Rheinmetall Nomination rose 48% to over €21 billion
  • New record high for order backlog: Rheinmetall Backlog grows significantly to €52 billion
  • Operating free cash flow improves by €527 million to €99 million
  • Guidance for 2024 is confirmed

Thu Nov 07 07:30:45 -0000 2024 UTC– Rheinmetall reports record sales increase of over 30% and earnings rise by over 70%.

The very dynamic market situation in the military business sees continued high demand by the armed forces of Germany and partner nations in the EU and NATO, as well as the ongoing aid for Ukraine. However, the civilian sector of the Group remained slightly below the previous year.

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ByLisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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