As reported for the FY 16, Rheinmetall published strong Q1 results, beating consensus, with sales up 14% to €1.35bn vs €1.26bn expected, and supported by both the Automotive and Defence divisions. As in Q1 16, the Defence activity contributed negatively to the operating result while the automotive sector grew quite strongly yoy. The group has confirmed its guidance for the FY, i.e. sales up 4-5% organically and the operating margin above 8%.
10 May 2017
Strong Q1 reinforcing confidence in the FY outlook
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Strong Q1 reinforcing confidence in the FY outlook
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
10 May 2017 -
Author:
Marc Laubel -
Pages:
2
As reported for the FY 16, Rheinmetall published strong Q1 results, beating consensus, with sales up 14% to €1.35bn vs €1.26bn expected, and supported by both the Automotive and Defence divisions. As in Q1 16, the Defence activity contributed negatively to the operating result while the automotive sector grew quite strongly yoy. The group has confirmed its guidance for the FY, i.e. sales up 4-5% organically and the operating margin above 8%.