Rheinmetall's quarterly revenue rises 7.7% to $2.27 billion
Rheinmetall Q1 2024 Financial Performance Overview
Quarterly Revenue and Profit Highlights
May 4 (Reuters) - German defense group Rheinmetall's first-quarter revenue rose 7.7% to 1.94 billion euros ($2.27 billion) from a year earlier, it said in a statement on Monday.
The company's operating profit for the quarter climbed to 224 million euros from 191 million euros a year earlier, pushing its operating margin to 11.6% from 10.5%, according to the preliminary figures.
Growth Drivers and Outlook
Rheinmetall expects growth to accelerate in the second quarter, driven by higher deliveries of weapons and ammunition as production starts at its Murcia site in Spain, as well as truck handovers to a German customer.
Full-Year Guidance and Currency Note
The company also maintained its full‑year 2026 guidance of 40% to 45% revenue growth and an operating margin of around 19%.
($1 = 0.8551 euros)
Reporting Credits
(Reporting by Abu Sultan in Bengaluru; Editing by Shreya Biswas and Jonathan Ananda)
