Rheinmetall published a record H1 reported EBIT thanks to cost savings that were implemented in FY20 that are now paying off. The Vehicle Systems division announced a record level of backlog at €10.5bn, boosted by significant contracts in Q2. Guidance has been confirmed for FY21, but still no news on Pistons.
06 Aug 2021
Q2 21: record margins, no Piston updates
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Q2 21: record margins, no Piston updates
Rheinmetall published a record H1 reported EBIT thanks to cost savings that were implemented in FY20 that are now paying off. The Vehicle Systems division announced a record level of backlog at €10.5bn, boosted by significant contracts in Q2. Guidance has been confirmed for FY21, but still no news on Pistons.