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Company boss Armin Papperger expects sales between 7.4 billion euros and 7.6 billion euros in the current year. This would be an increase of about 15 percent to just over 18 percent. As it is known, last year revenues increased by 13 percent to 6.4 billion.
The group, which will be traded on Dax soon, aims to increase its margin to 12 percent according to its operating results. Last year, operating profit rose 1.3 percentage points to 11.8 percent. About 12 cents of a euro’s turnover remained in operating profit before interest and taxes (EBIT).
Rheinmetall already presented key data at the beginning of January and announced that the margin had risen to at least 11.5 percent last year. As a result, the group earned 469 million euros, 61 percent more than in 2021. Shareholders will receive dividends, which will increase by one euro to 4.30 euros.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
