Rheinmetall released a strong set of results that were driven by the recovery in the Automotive division and sustained by the still resilient defence business. The company achieved strong profitability and cash generation. Rheinmetall should also be supported by the better outlook for Automotive in Q4 20. We maintain our Buy rating on the stock.
06 Nov 2020
Q3 20: sound recovery in automotive
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Q3 20: sound recovery in automotive
Rheinmetall AG (RHM:WBO), 0 | Rheinmetall AG (RHM:ETR), 0 | Rheinmetall AG (0NI1:LON), 0 | Rheinmetall AG (RNMBF:OTC), 0 | Rheinmetall AG (RHM:SWX), 0
- Published:
06 Nov 2020 -
Author:
Hugo Paternoster -
Pages:
3
Rheinmetall released a strong set of results that were driven by the recovery in the Automotive division and sustained by the still resilient defence business. The company achieved strong profitability and cash generation. Rheinmetall should also be supported by the better outlook for Automotive in Q4 20. We maintain our Buy rating on the stock.