Rheinmetall reported very solid FY18 preliminary results, with clear profitability upbeat in both segments. Group Sales are up 6.1% at constant currency (up 4.3% as reported) to €6.15bn, in line with the consensus while the profitability has seen a clear upbeat. Group operating profit is up 23% yoy to €492m, above expectations and guidance. Total group operating earning margin rose to 8% vs. 6.8% last year and 7% targeted for 2018. This sound performance is mainly driven by the defe
01 Mar 2019
Sound FY18… fuelled by Defence, but not only
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Sound FY18… fuelled by Defence, but not only
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
01 Mar 2019 -
Author:
Hugo Paternoster -
Pages:
2
Rheinmetall reported very solid FY18 preliminary results, with clear profitability upbeat in both segments. Group Sales are up 6.1% at constant currency (up 4.3% as reported) to €6.15bn, in line with the consensus while the profitability has seen a clear upbeat. Group operating profit is up 23% yoy to €492m, above expectations and guidance. Total group operating earning margin rose to 8% vs. 6.8% last year and 7% targeted for 2018. This sound performance is mainly driven by the defe