Headline figures:
• Order backlog reached a new high of €7.3bn with a very strong order intake in Defence in Q1 c.€950m.
• Consolidated sales were up 2% to €1,180m in the first quarter when adjusted for currency effects.
Automotive sales were down 1% reported (-2% organic growth) or down €10m to €654m. The fall in revenues is primarily explained by the economic weakness in the market for large-bore pistons, the continuing decline in automotive production in Brazil which declined by 28% compar ....

16 May 2016
Q1 softness but guidance confirmed

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Q1 softness but guidance confirmed
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
16 May 2016 -
Author:
Thomas Picherit -
Pages:
3 -
Headline figures:
• Order backlog reached a new high of €7.3bn with a very strong order intake in Defence in Q1 c.€950m.
• Consolidated sales were up 2% to €1,180m in the first quarter when adjusted for currency effects.
Automotive sales were down 1% reported (-2% organic growth) or down €10m to €654m. The fall in revenues is primarily explained by the economic weakness in the market for large-bore pistons, the continuing decline in automotive production in Brazil which declined by 28% compar ....