Rheinmetall has posted results globally in line with expectations. It has already warned that its FY22 sales guidance would be at the lower end of the range, as Auto is facing larger than expected headwinds. The real negative news comes from the postoned German €35bn contracts, which pushes forward the expected order intake and associated sales. Losing the bid in Slovakia and Czech Republic did not help the current order intake.
06 Aug 2022
Q2 22: massive German orders postponed
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Q2 22: massive German orders postponed
Rheinmetall has posted results globally in line with expectations. It has already warned that its FY22 sales guidance would be at the lower end of the range, as Auto is facing larger than expected headwinds. The real negative news comes from the postoned German €35bn contracts, which pushes forward the expected order intake and associated sales. Losing the bid in Slovakia and Czech Republic did not help the current order intake.