This year, German defense concern Rheinmetall expects revenue to grow to around 10 billion euros.
The world’s largest artillery ammunition manufacturer, German defense concern Rheinmetall AG, rose 12% in 2023 and adjusted EBIT by 19%, both setting new records. This was reported by the company’s press service.
It was noted that last year’s revenue reached 7.176 billion euros, EBIT excluding one-time factors (operating profit) – 918 million euros.
The order book also set a new all-time high, rising 44% to EUR 38.3 billion. Net income rose to 535 million euros from 474 million euros last year.
Rheinmetall expects revenue to rise to around 10 billion euros this year.
The company’s board of directors will recommend an increase in the annual dividend to 5.7 euros from 4.3 euros per share.
At the March 14 auction, Rheinmetall shares rose 4.6% in Frankfurt trading on Thursday.
We remind you that the German defense concern Rheinmetall is investing 300 million euros in a new ammunition production plant.
We remind you that Rheinmetall will produce shells for Ukraine for 142 million euros. The customer for the ammunition is a NATO partner country that has expressed its intention to support Ukraine.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.