• Rheinmetall’s first quarter backlog has increased significantly year on year, reaching EU40.2 billion, up 43% from EU28.2 billion.
• Sales have come in at EU1.6 billion, slightly lower than the estimated EU1.71 billion.
• Vehicle Systems sales were also below expectations at EU493 million compared to the estimated EU601.2 million.
• Weapon and Ammunition sales fell short of the estimated EU388.3 million, reporting EU362 million.
• Electronic Solutions sales exceeded estimates reaching EU287.0 million, surpassing the EU232.7 million estimate.
• Power Systems sales stood at EU541.0 million.
• Operating profit was reported at EU134 million, just below the estimate of EU145.6 million.
• The Earnings Per Share (EPS) came in at EU1.10, lower than the estimated EPS of EU1.41.
• Rheinmetall forecasts an operating margin of 14% to 15%, aligning with previous forecasts and slightly below the estimated 15.1%.
• The company still anticipates sales to hit approximately EU10 billion, slightly above the EU9.85 billion estimate.
• Rheinmetall confirmed its guidance for the year 2024.
• The company stated that positive business performance continues to be largely driven by business deals with the armed forces in Germany and its partner states, and activities in support of Ukraine.
• There are currently 15 buys, 4 holds, and 0 sells for the company’s stocks.
A look at Rheinmetall AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Rheinmetall AG shows a positive long-term outlook. With a high score in Growth and Momentum, the company is positioned for strong future expansion and market performance. This indicates that Rheinmetall AG is likely to experience robust growth and strong market demand going forward.
Rheinmetall AG, known for its automotive, electronics, defense, and engineering products, has shown resilience in the market with a moderate score in this category. While the Value and Dividend scores are lower, the strong focus on Growth and Momentum suggests that the company is concentrating on expanding its operations and capturing new opportunities in the market. Overall, Rheinmetall AG appears well-positioned for long-term success and growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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