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- German Defense Contractor Rheinmetall’s The stock price is more than 1,000% for occupying Ukraine in 2022. After the EU raises 800 billion euros in defense spending Rheinmetall The growth awaits to be strong.
Germany Defense Contractor Rheinmetall, Europe and Europe, and after a strong growth report, the European mass will sees unprecedented gains as it enters a military structure.
The General Staff gave information to the company in the district of Düsseldorf, Germany 2024 total income 9.8 billion euros on Wednesday increased by 36% since 2023. The defense business lasted the company’s sales increase to 50% to 7.6 billion euros last year. In addition, the rear bog rose a new record until 44% 55 billion euros.
Last year’s growth continued military assistance for Ukraine. Russia’s share price for Russia is occupying Ukraine in 2022 more than 1,000%.
Meanwhile, the European Union recently recently announced its plan to recently increase defense costs to 800 billion euros ($ 867 billion).
“A period of restarting in Europe has started it will require more than all of us,” said CEO Armin Papperger A statement. “But this is the prospects of Rheinmetall growth for the coming years we have never experienced before.”
For this year, Rheinmetall expects 25% -30% to reach 35% -40% of general sales and the protection sales will increase. Although these numbers are short of 2024, the current sale may increase by the end of the year.
Rheinmetall, notification notices noted in the report, updates for the updates of the forecasts, “geopolitical developments” that reported “geopolitical developments”.
“With 50% sales increase in defense work, Rheinmetall is on the way to become a global champion from becoming a supplier of European systems,” Papperger said.
In recent years, a European leader invested about 8 billion euros with new production enterprises, acquisitions and supply chains in a nasty production. Rheinmetall in January declared Most share in a Bavarian program developer in the field of digitization of the war.
In addition to production of production missiles and bombs, Rheinmetall also corrects tanks, air defense systems and autonomous terrestrial vehicles. Most importantly, the Panther produces the KF51 main combat tank. There are plants in the war with a large supplier of Ukraine, Rheinmetall, Lithuania, Hungary and Romania.
In addition, the company continues to grow in Germany and has It was reported to have something interested in a Volkswagen The plant in Osnabrk.
On Wednesday, Papperger said that the company would be very suitable for the company’s expansion plans and will be more suitable than built a factory from the ground.
Papperger, in the absence of a concept to switch to the lawn of Volkswagen for Rheinmetall, the work can still move quickly.
“Something is clear: I will certainly look before I build a new tank factory in Germany.”
This story was first displayed Fortune.com
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