Rheinmetall AG, headquartered in Düsseldorf, has achieved remarkable success in the fiscal year 2023, with record earnings and an impressive order backlog. The company reported a consolidated sales growth of 12% to €7,176 million, an all-time high operating margin, and a dividend proposal of €5.70 per share. Rheinmetall anticipates significant sales and earnings growth in fiscal 2024, with consolidated sales projected to reach around €10 billion and an operating margin guided between 14% and 15% for the Group.
The company’s remarkable growth can be attributed to the ongoing upswing in the defence sector, particularly in response to the changing threat situation in Europe. Rheinmetall has garnered increased interest from customers as a supplier of state-of-the-art defence technology. Major orders from the German armed forces and other military entities have significantly contributed to the company’s growth, particularly in ammunition, combat vehicles, and air defence. Rheinmetall’s support for Ukraine by providing extensive deliveries across its entire product portfolio reflects the company’s commitment to its responsibilities.
The increase in consolidated sales was primarily driven by business with military customers, meeting the significant rise in demand, particularly in the land domain. Conversely, the civilian business recorded only slight sales growth in comparison.
Looking ahead to the future, Rheinmetall anticipates continued strong sales and earnings growth in fiscal 2024, with a forecasted sales volume expected to reach a record-breaking €10 billion mark.
In fiscal 2023, the company’s various divisions, including Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade, experienced varying levels of success. Vehicle Systems saw a significant increase in sales and operating results. Meanwhile, Weapon and Ammunition experienced high demand, leading to a record order intake level. Electronic Solutions achieved increased sales and operating margins, and Sensors and Actuators achieved slight sales growth. Materials and Trade maintained sales and operating results at the previous year’s level.
Looking forward to 2024, Rheinmetall anticipates strong sales growth with rising high margins and expects significant growth in sales along with an improved operating result.
The outstanding achievements and promising outlook for the future highlight Rheinmetall AG’s unwavering commitment to excellence and growth in the global defence sector.
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