Rheinmetall reported solid Q2 results, with sales, operating results and EPS all above consensus expectations mainly thanks to a very solid operating margin in the Defence activity. As expected, the Automotive activity saw its operating margin flat yoy, having reach a ceiling. For the FY, the group has adjusted its guidance with Defence and group sales growth in the lower part of the range and the Defence operating margin in the highest part of the range.
02 Aug 2018
Adjusted guidance, still bright outlook
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Adjusted guidance, still bright outlook
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
02 Aug 2018 -
Author:
Marc Laubel -
Pages:
2
Rheinmetall reported solid Q2 results, with sales, operating results and EPS all above consensus expectations mainly thanks to a very solid operating margin in the Defence activity. As expected, the Automotive activity saw its operating margin flat yoy, having reach a ceiling. For the FY, the group has adjusted its guidance with Defence and group sales growth in the lower part of the range and the Defence operating margin in the highest part of the range.