- Preliminary operating profit for Q2 stands at approximately EU271 million, exceeding the estimate of EU213.9 million.
- Preliminary sales for Q2 are reported at about EU2.23 billion.
- Rheinmetall maintains its full-year sales forecast at around EU10 billion, as estimated at EU9.92 billion.
- The operating margin forecast for the year remains between 14% and 15%, aligning with previous expectations.
- Strong financial performance is driven by early sales recognition in the Weapon and Munitions division and increased sales from Rheinmetall Expal Munitions in the first half of the year.
- Management stands by its sales and earnings forecast for the entire year 2024.
- The full financial figures for the second quarter will be published on August 8.
- Shares of Rheinmetall saw a 2.8% increase, trading at EU507.40 with 47,377 shares exchanged.
- Market sentiment includes 16 buy ratings, 4 hold ratings, and no sell ratings.
A look at Rheinmetall AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 for Rheinmetall AG, the company’s long-term outlook appears positive. With a strong Growth score of 5, Rheinmetall AG is indicating potential for significant expansion and development in the future. This is complemented by respectable scores in Resilience and Momentum, suggesting the company is well-positioned to weather challenges and maintain its operational pace.
Although the Value and Dividend scores are moderate at 2, Rheinmetall AG‘s diverse portfolio in automotive, electronics, defense, and engineering sectors provides a solid foundation for sustained performance. The Company’s production of automotive components and aftermarket services further solidifies its position in the market, enhancing its potential for future growth.
Summary:
Rheinmetall AG is an automotive, electronics, defense, and engineering group that specializes in producing a wide range of automotive pumps, components, pistons, bearings, and aluminum engine blocks. Additionally, the company offers aftermarket services catering to engine repair shops.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
