Over the first 9 months, revenues were flat yoy at €4,146m, which is in line with consensus but lower than our expectations. The operating margin is up +9% yoy to €252m, still in line with consensus but slightly below our expectations. Operating earnings margin for the group grew from 5.5% to 6.1%. Automotive revenues were up by 2% yoy to €2,199m with an operating margin of 8.8%, flat yoy. Defence revenues were down by 3% yoy to €1,966m, but the operating margin increased
08 Nov 2018
Cut in sales growth expectations but sound commercial basis
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Cut in sales growth expectations but sound commercial basis
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
08 Nov 2018 -
Author:
Hugo Paternoster -
Pages:
3
Over the first 9 months, revenues were flat yoy at €4,146m, which is in line with consensus but lower than our expectations. The operating margin is up +9% yoy to €252m, still in line with consensus but slightly below our expectations. Operating earnings margin for the group grew from 5.5% to 6.1%. Automotive revenues were up by 2% yoy to €2,199m with an operating margin of 8.8%, flat yoy. Defence revenues were down by 3% yoy to €1,966m, but the operating margin increased