Good Q1 19 publication, driven by Defence while (as expected) Automotive has been impacted by the evolution of the global market. The global auto market was down in Q1 19, resulting in lower sales yoy but remained in line with expectations. However, profitability remained at a high level – above consensus – thanks to the implementations of cost measures. For its part, Defence performed very well, with further improvements expected going forward.
09 May 2019
Buoyant defence environment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Buoyant defence environment
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
09 May 2019 -
Author:
Hugo Paternoster -
Pages:
3
Good Q1 19 publication, driven by Defence while (as expected) Automotive has been impacted by the evolution of the global market. The global auto market was down in Q1 19, resulting in lower sales yoy but remained in line with expectations. However, profitability remained at a high level – above consensus – thanks to the implementations of cost measures. For its part, Defence performed very well, with further improvements expected going forward.