Everything is in crisis, except the craft of war

"Good" times Everything is in crisis, except the craft of war

2024-11-20 Source: dpa 1 min Reading Time

Rheinmetall, Germany's largest defense company, expects strong growth in light of the arms boom.

Yesterday, the defense company Rheinmetall gave its forecasts for the future. Accordingly, the company expects rosy times ...(Image: Rheinmetall) — Yesterday, the defense company Rheinmetall gave its forecasts for the future. Accordingly, the company expects rosy times ...
(Image: Rheinmetall)

Rheinmetall's revenue is expected to rise to around 20 billion euros by 2027, according to the DAX-listed company at a capital markets day in Rome yesterday. For the current year, the defense company aims for around 10 billion euros in revenue, of which 15 percent is expected to remain as profit. By 2027, this figure is expected to reach 18 percent. Following the announcement, Rheinmetall's share price climbed to a record high. As a leader in the DAX environment, the stock recently gained 3.13 percent to 600.60 euros. At the beginning of the Russian invasion of Ukraine in February 2022, the share was still below 100 euros. Due to the high demand for defense goods, Rheinmetall can hardly keep up with orders.

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