Rheinmetall Shares Surge After Armsmaker Reports Record Profit
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16 Articles
Rheinmetall shares surge after armsmaker reports record profit
Second-quarter core profit roughly doubled on the same time last year to reach 562 million euros ($639.5 million), Rheinmetall said, beating analyst expectations by about 20 percent. Revenue at 3.3 billion euros was up almost 70 precent, it added, with growth broad-based across the company. "All segments contributed to this year-on-year improvement," Rheinmetall said. "Operating metrics have thus been significantly exceeded." Rheinmetall shares …
The German defense group Rheinmetall recorded its largest revenue growth ever last quarter. Revenue rose by more than two-thirds compared to three months earlier, thanks to significantly increased European military spending. The number of orders also continued to rise.
The German defense group Rheinmetall recorded its largest revenue growth ever last quarter. Revenue rose by more than two-thirds compared to three months earlier, thanks to significantly increased European military spending. The number of orders also continued to rise.
The revenue from Rheinmetall increased by 70 percent in the second quarter, and the profit by almost 20 percent. Orders outstanding have a volume of 80 billion euros.
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