- Rheinmetal’s Defense Contractor Stock prices have increased by more than 1,000% from Russia Bite Expected to grow the growth of fitness.
Rheinmetall’s protective contractors see the benefit that is never before European creation, even after the report.
Headquarters in Düsseldorf, Germany, Company reported 2024 total income Of € 9.8 billion on Wednesday, 36% from 2023. In addition, Backlog rises 44% new.
The growth of the past year has been rescued by European military aid for Ukrainian. Since Russia attack Ukrainian in 2022, the stock price of Rheinmetall has increased by more than 1,000%.
Meanwhile, the European Union was announced a plan to increase its defense spending as US history
« The era of capability begins in Europe to require more from us all, » CEO Armin Papper Papper said in a Statement. « Nevertheless, it also brings us at Rheinmetall’s growth prospects for the coming years we never had before. »
For this year, Rheinmetall is expected to have all sales to add 25%-30% and prevented 35% -40%. While those figures will lack 2024, sales actually at the end of the year can become bigger.
RheinmeTall has noticed in its outlook report does not take into account your prediction can be a military needs.
« With the sales grow 50% in business trade, Rheinmetall is coming from a system of European supplier.
In recent years, the European leader invested almost 8 billion theater in production sites, and supply security. In January, Rheinmetall Announce It has been shared largely in the Bavarian software developer in the digitizing war.
In addition to the missile and explosive production, Rheinmetall also makes tank, air defense systems, and independent vehicles. Especially the end, it produces Panther Kf51 battles. The major supplier provides Ukrainian, Rheinmetall has a factory in the country of war with the country with Lithuanian, Hungary, and Romanian.
In addition, the company looks to continue its growth in Germany and is Report Interested Volkswagen Planted in Osnabraük.
On Wednesday, Papreger said the place would be « more appropriate » for the company extension plan and will be cheaper than factory creation.
The coured papper that while there is no idea for Rheinmetall to move to the turnswagen turf, things can still move fast.
« One thing is clear: Before I build a new tank factory in Germany, we will see there. »
This story is originally presented Furniture
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