Rheinmetall published strong H1 results, supported by stronger than anticipated market growth. This resulted in sales growth in boththe Automotive and Defence divisions while the operating margin improved thanks to an increased share of high margin products in all divisions. Moreover, the outlook in the Defence market looks brighter and brighter with Germany reiterating its commitment to meet the 2% of GDP defence spending and consequently increasing its defence budget by 7.9% in 2017 and a f
11 Aug 2017
Stronger market and increased guidance
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Stronger market and increased guidance
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
11 Aug 2017 -
Author:
Marc Laubel -
Pages:
2
Rheinmetall published strong H1 results, supported by stronger than anticipated market growth. This resulted in sales growth in boththe Automotive and Defence divisions while the operating margin improved thanks to an increased share of high margin products in all divisions. Moreover, the outlook in the Defence market looks brighter and brighter with Germany reiterating its commitment to meet the 2% of GDP defence spending and consequently increasing its defence budget by 7.9% in 2017 and a f