- German Defensive Contractor Rheinmetall’s The cost of shares increased more than 1000%as Russia invaded Ukraine in 2022. As the EU plans to increase the cost of protection of 800 billion euros Reinmetall He hopes that growth will remain strong.
Rheinmetall’s German defense contractor sees unprecedented revenue forward when Europe begins a large -scale military increase, even after a report.
Campaign with Dusseldorf, Germany headquarters, Germany 2024 g. Total income On Wednesday at 9.8 billion euros, which is 36% compared to 2023. Last year, defensive business led the company sales growth, increasing 50% to 7.6 billion euros. In addition, the gap increased by 44% to 55 billion euros per new record.
Last year, growth assisted in Europe’s constant military assistance for Ukraine. Ever since Russia has invaded Ukraine in 2022, the rheinmetall shares increased by more than 1000%.
Meanwhile, the European Union has recently announced an increase in protection cost by 800 billion euros ($ 867 billion), as US historical allies seek to take more responsibility for their safety.
“In Europe, an era of overload has begun, which will have a lot of us all,” said Armin Properger CEO statement. “However, it also brings us to the prospects for rheinmetall growth in the coming years that we have never felt before.”
This year, Reinmetall expects that the total sales will increase by 25%, and the sales of protection increases by 35%-40%. While these figures do not meet 2024, the actual sales may be even greater by the end of the year.
In his report, Reinmetall noted that Outlook did not take into account “geopolitical events in recent weeks”, saying that updating its forecasts may arise later as the requirements of its military customers become clearer.
“With 50% of the sales in the defense business, Reinmetall comes from becoming a European system supplier to a global champion,” the Persperger said.
In recent years, the European leader in ammunition has invested almost 8 billion euros into new production facilities, acquisitions and chain safety. In January Reinmetall announced He has acquired a majority of the Bavarian software developer specializing in the digital war.
In addition to production missiles and bombs, Reinmetall also produces tanks, air protection systems and autonomous terrestrial vehicles. Most importantly, it produces the main combat tank Panther Kf51. The main supplier of Ukraine, Rheinmetall has plants in the country destroyed by the war along with Lithuania, Hungary and Romania.
In addition, the company seeks to continue its growth in Germany and have justify interested in a Volkswagen Plant in Osnabruk.
On Wednesday, Paperger said the facility would be “very suitable” for the company extension plans and would be more affordable than building a plant from scratch.
Paperger warned that if Rheinmetall had no concept to go to the Volkswagen lawn, it could still move quickly.
“One thing is clear: before I build a new tank factory in Germany, we will certainly look at it,” he said.
Originally this story was presented on Fortune.com
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2025-03-16 19:29:00
Stuart Dyos
