Quarterly Statement as of 30 September 2022
Rheinmetall increases sales and continues to improve operating result and margin
- Consolidated sales increased by around 6.5% to €4.1 billion
- Operating result improved by around 9.0% to €323 million
- Operating margin of 7.9% exceeds previous year’s level of 7.7%
- Significant growth in orders intake within the Group
- Annual forecasts for 2022 confirmed
The Rheinmetall Group is entering the final quarter of fiscal 2022 with sales growth, increased profitability and a further improvement in the operating result. Overall, Rheinmetall is seeing an increase in orders and confirms the current annual forecasts for the expected sales growth and operating margin for the Group.
Armin Papperger, Chief Executive Officer of Rheinmetall AG, says of the company’s performance: “After nine months, we are still on track to achieve our annual forecasts. We are growing in all divisions and increasing profitability throughout the Group. The operating result has set a new record after three quarters. And we also expect a particularly strong final quarter this year – especially in the military business, where we are benefiting now and in the next few months from substantial orders as a result of increased defence budgets. With our civilian products, we are seeing growing numbers of orders for components and systems for drive electrification. This shows that we are well on the way to mastering the transformation of the industry to full electric mobility.”