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Rheinmetall AG: A record year for Rheinmetall AG: based on preliminary figures, double-digit percentage sales growth with significant increase in operating margin

Rheinmetall AG / Key word(s): Development of Sales/Preliminary Results
Rheinmetall AG: A record year for Rheinmetall AG: based on preliminary figures, double-digit percentage sales growth with significant increase in operating margin

06-Jan-2023 / 14:06 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.

Based on preliminary and unaudited figures, in fiscal year 2022 Rheinmetall AG generated Groupwide sales of €6.4 billion. Measured against the previous year’s sales of €5.658 billion (adjusted for discontinued activities in accordance with IFRS 5) this represents an increase of around 13 percent. When exchange rate movements and M&A effects are factored in, sales grew by around 10 percent, which is less than the previously communicated figure of around 15 percent. This discrepancy is due for one to advance investments agreed with customers in the Group’s defence technology business, whose call-offs are postponed to 2023. In addition, the slower recovery in global automotive production contributed to weaker sales growth in the civil sector. For the operating result, Rheinmetall expects, in line with preliminary estimates, a record year for the company, with growth rates topping 20 percent. Rheinmetall therefore increases the previous operating margin guidance of >11 percent to at least 11.5 percent.
Rheinmetall will publish the final financial figures for 2022 and the outlook for fiscal 2023 on 16 March 2023.




Contact:
Dr. Philipp von Brandenstein / Head of Corporate Communications: +49 (0) 211 473 4300, philipp.vonbrandenstein@rheinmetall.com

06-Jan-2023 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:

MDAX

Listed:

Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange

EQS News ID:

1529549


 

End of Announcement

EQS News Service

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