Rheinmetall AG

RHM

Equity

ISIN DE0007030009 / Valor 345850

Xetra (2025-03-14)

EUR 1,369.00+6.29%

Rheinmetall AG
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About company

Rheinmetall AG is an integrated technology group based in Düsseldorf, known for its strong international presence and innovative range of products and services in both the defence industry and civilian markets. The company is a leading international systems supplier in defence, while also driving technological and industrial innovations. Rheinmetall's focus on sustainability is evident in its strategy to achieve CO2 neutrality by 2035. The company's technologies, products, and systems play a crucial role in providing security and creating the basis for peace, freedom, and sustainable development. Additionally, American Rheinmetall Vehicles is actively involved in delivering autonomous ground vehicles to the U.S. Marine Corps for testing, training, and deployment.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

In the first nine months of 2024, Rheinmetall AG reported a significant increase in Group sales, which rose by €1,650 million or 36% to €6,268 million compared to the previous year. This growth was driven by increased sales to both domestic and international customers, with the German market accounting for 30% of sales.

Operating Results

Rheinmetall AG's operating result for the first three quarters of 2024 reached €705 million, marking a 72% increase from the previous year's €410 million. This improvement was attributed to sales growth and contributions from Rheinmetall Expal Munitions, acquired in August 2023.

Order Intake and Backlog

The company's order intake, known as Rheinmetall Nomination, increased by 48% to €21.4 billion in the first nine months of 2024. This growth was fueled by significant orders from Germany, including those from the Bundeswehr, and support for Ukraine. Consequently, the Rheinmetall Backlog rose by 41% to €51.9 billion.

Cash Flow Improvement

Rheinmetall AG's operating free cash flow saw a substantial improvement, increasing by €527 million to €99 million by the end of the third quarter of 2024. This positive development was primarily driven by higher customer advance payments, despite ongoing capital expenditure projects and inventory build-up.

2024 Outlook

Rheinmetall AG confirmed its guidance for the full year 2024, expecting group revenue to reach around €10 billion. The company anticipates an operating margin of approximately 15%, at the upper end of its guidance range, reflecting continued strong business performance and strategic acquisitions.

Summarized from source with an LLMView Source

Key figures

209%1Y

804%3Y

2,090%5Y

Performance

41.9%1Y

39.8%3Y

40.8%5Y

Volatility