from Rheinmetall AG (isin : DE0007030009)
EQS-Adhoc: Rheinmetall AG: Rheinmetall AG significantly increases sales and operating result in the second quarter of 2024 and clearly exceeds market expectations - guidance for the full year 2024 confirmed
EQS-Ad-hoc: Rheinmetall AG / Key word(s): Quarter Results
Rheinmetall AG: Rheinmetall AG significantly increases sales and operating result in the second quarter of 2024 and clearly exceeds market expectations - guidance for the full year 2024 confirmed
24-Jul-2024 / 09:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Rheinmetall AG / Schlagwort(e): Quartalsergebnis
Rheinmetall AG significantly increases sales and operating result in the second quarter of 2024 and clearly exceeds market expectations - guidance for the full year 2024 confirmed
Düsseldorf, July 24, 2024 - Rheinmetall AG significantly increased its sales and operating result in the second quarter of the current fiscal year, thus clearly exceeding the current market expectations of the capital market.
Based on the preliminary figures as of July 24, 2024, a significant year-over-year increase in sales of around 49% to €2,234 million and in operating earnings of around 111% to €271 million is expected for the second quarter. This puts both key figures well above the market expectations of €2,064.1 million for sales and €226.2 million for the operating result. Based on the preliminary figures, the operating profit margin has risen to 12.1% compared to the consensus of 11.0%.
The positive development of the key financial figures is mainly due to early sales recognition in the Weapon and Munitions division and the proportionately higher sales contribution of Rheinmetall Expal Munitions in the first six months.
The strong order intake in the second quarter caused Rheinmetall Nominations to rise to €11.4 billion. This was mainly due to orders from the German customer as a result of the implementation of procurement projects from the Bundeswehr's special fund.
Against this backdrop and the expected business development in the second half of the year, the Management confirms the sales and earnings forecast for the full year 2024 with at least consolidated sales of around €10 billion and an operating earnings margin of between 14-15% (including acquisitions). Rheinmetall will report the full financial figures for the second quarter on August 8, 2024.
Contact:
Dirk Winkels +49 (0) 211 473 4749, dirk.winkels@rheinmetall.com
End of Inside Information
24-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Rheinmetall AG |
| Rheinmetall Platz 1 | |
| 40476 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 473-4300 |
| Fax: | +49 (0)211 473-4158 |
| E-mail: | dirk.winkels@rheinmetall.com |
| Internet: | www.rheinmetall.com |
| ISIN: | DE0007030009 |
| WKN: | 703000 |
| Indices: | DAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange |
| EQS News ID: | 1952631 |
| End of Announcement | EQS News Service |
1952631 24-Jul-2024 CET/CEST