ÜThey had been glad in regards to the “fashionable and strong” autos with the troops on Friday in Munich. The Federal Workplace for Tools, Data Expertise and Use of the Bundeswehr (BAAINBw) even speaks of a “success story of unprotected transport autos” within the message that it despatched out after the primary autos from the Rheinmetall MAN Navy Automobile (RMMV) three way partnership had now been handed over.
The contract for the 230 protected and 310 unprotected swap physique methods (WLS), that are used to move ammunition and gasoline and on the identical time defend three troopers from fragments, infantry ammunition and landmines, was signed in June 2020. The time period is seven years.
The supply, which coincidentally fell on the publication day of the quarterly figures of the Düsseldorf-based armaments group Rheinmetall, makes it clear why the conflict in Ukraine and the announcement of the 100 billion euro particular fund for the German armed forces in Ukraine had no impact within the first three months of the fiscal 12 months the steadiness sheet of the M-Dax group exhibits. However, Rheinmetall CEO Armin Papperger believes there are “good probabilities” of with the ability to win many orders within the present safety state of affairs. In an analyst presentation, the Administration Board expects potential orders within the second half of 2022.
Considerably greater gross sales anticipated
With out the Ukraine impact, the Düsseldorf-based firm had anticipated incoming orders from Germany to the quantity of 1.6 billion euros this 12 months, and now they’re assuming 6 to eight billion. Within the coming 12 months, this could enhance to 7 to 9 billion euros. The primary focus is on ammunition, vans, the Puma infantry preventing automobile and the Boxer wheeled armored automobile.
As an alternative of 1.5 billion euros in gross sales, Rheinmetall expects 2 billion this 12 months and a couple of.3 billion in 2023. This doesn’t embody potential orders from Ukraine, which based on the investor presentation may quantity to between 300 and 500 million euros. Whereas the best development is prone to come from Germany, Rheinmetall is hoping for orders, particularly for the Lynx tank, in view of the rearmament from different NATO international locations.
For the 12 months as a complete, Papperger nonetheless expects a gross sales enhance of 15 to twenty p.c within the group, final 12 months Rheinmetall achieved round 5.7 billion euros. The working revenue margin needs to be greater than 11 p.c. The share worth of the M-Dax firm, which had not too long ago reached new heights, was nonetheless greater than 3.5 p.c down on Friday through the day.
The civil enterprise specifically had difficulties within the first three months of the 12 months, the sensor enterprise suffered from the availability chain issues within the semiconductor business, and the corona lockdowns round Shanghai are at present having a unfavourable influence. The weapons and ammunition division, alternatively, was capable of enhance gross sales by 17 p.c, primarily resulting from a serious order from Hungary (FAZ of March 31). General, gross sales remained on the stage of 1.3 billion euros in comparison with the identical interval final 12 months. The working end result rose by 8 million euros or 9.5 p.c to 92 million euros.
