Rheinmetall shares rise as defense giant sees sales surging fivefold by 2030 [CNBC]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: CNBC
The company forecast sales of about 50 billion euros ($58 billion) by 2030, up from about 10 billion euros in 2024. Like many other defense contractors, Rheinmetall has benefitted from Europe's increased defense spending against the backdrop of the war in Ukraine. German Rheinmetall MAN tactical military transport vehicles parked in the Edvard Peperko military barracks. Luka Dakskobler | Lightrocket | Getty Images Shares of Germany's Rheinmetall rose on Tuesday after the defense giant told investors to expect sales to quintuple over the next five years, boosted by robust demand for its weapons systems amid geopolitical tensions and the war in Ukraine. The company forecast sales of about 50 billion euros ($58 billion) by 2030, up from about 10 billion euros in 2024. It sees operating margin expanding to about 20%, up from 15.2% in 2024. Shares rose 3.4% to 1,782 euros Tuesday morning, topping the German blue-chip DAX index which was almost entirely in the red. Rheinmetal
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