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Rheinmetall has received several major orders from a NATO customer to supply components for force protection equipment. The orders are worth a total of nearly €250 million gross. Delivery of the components is expected to start in 2023 and be complete by 2025. “The armed forces of our country and those of our partner nations rely on our products to protect those who defend our right to live in peace, freedom, and security,” said Armin Papperger, CEO of Rheinmetall. “We have made it our mission to provide our men and women in uniform with the best possible equipment, giving them a vital edge when deployed in harm’s way and helping to ensure that they get home safely. Aware of what is at stake, our staff give their best every day.” Rheinmetall's comprehensive expertise in force protection technologies ranges from individual passive ballistic solutions such as hard ballistic inserts for protective vests to state-of-the-art stand-off active protection systems for armoured fighting vehicles.
****Operating result and margin improved further*** · Consolidated sales of €1,266 million on a par with the previous year · Consolidated operating result increases from €84 million to €92 million – growth of 10% · Further improvement in operating margin – 7.3% after 6.7% in the same quarter of the previous year · Continued high growth in orders · Annual forecast for 2022 confirmed Rheinmetall AG further strengthened its profitability in the first quarter of 2022 while maintaining stable business performance. As a result, our technology group is on course to achieve its ambitious profitability target for fiscal 2022 and further boost income. The Rheinmetall Group confirmed its annual forecast from March 2022 and is anticipating growth in sales in conjunction with a higher operating margin and, in turn, a further improved operating result in fiscal 2022. Follow the link to the full press note.
Dagmar Steinert, 57, has been appointed to the Executive Board of Rheinmetall, effective 1 January 2023. Steinert, currently a member of the board of management of Fuchs Petrolub SE responsible for commercial operations as well as legal affairs, compliance, and digitization, is due to succeed Helmut P. Merch, 66, as Chief Financial Officer of Rheinmetall, who retires at the end of 2022. Ulrich Grillo, Chairman of the Supervisory Board of Rheinmetall AG, and Armin Papperger, Chairman of the Group’s Executive Board, issued the following joint statement: “In Dagmar Steinert we are gaining an outstanding expert in all areas of corporate finance, who moreover has a great deal of experience in communicating with the capital markets. She will continue Helmut Merch’s longstanding successful work on the Executive Board, thanks not least to her excellent knowledge of Rheinmetall’s business, processes, and corporate culture, gained when she was a Group executive.” To the full article follow the link.
