Rheinmetall has published a Q2 report that underpins the resilience of its Automotive business and revealed to be better than expected in terms of profitability. At the same time, the Defence business recorded a strong profitability performance, well above market expectations. Therefore, the lower FY guidance for the Automotive segment is almost entirely offset by Defence.
01 Aug 2019
Better than feared overall
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Better than feared overall
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
01 Aug 2019 -
Author:
Hugo Paternoster -
Pages:
3
Rheinmetall has published a Q2 report that underpins the resilience of its Automotive business and revealed to be better than expected in terms of profitability. At the same time, the Defence business recorded a strong profitability performance, well above market expectations. Therefore, the lower FY guidance for the Automotive segment is almost entirely offset by Defence.