Rheinmetall AG
XETRA:RHM

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Rheinmetall AG Logo
Rheinmetall AG
XETRA:RHM
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Price: 1 522 EUR -0.85%
Market Cap: 70B EUR

Rheinmetall AG
Investor Relations

Rheinmetall AG, a stalwart of the German industrial landscape, paints a compelling tableau of adaptability and precision engineering. Founded in 1889, the company began its journey crafting armor for the rapid industrialization that swept across Europe. Today, it sits at the forefront of the automotive and defense industries, ingeniously balancing the dual threads of its business. On one side, the defense division thrives in an era of geopolitical uncertainty, producing advanced technologies ranging from military vehicles to sophisticated weapon systems and sensors. This arm of the business capitalizes on the increasing defense budgets worldwide, ensuring Rheinmetall maintains a robust position in global military contracts.

Parallelly, Rheinmetall’s automotive sector embraces the evolution of mobility, driving innovation in engine efficiency and emissions reduction systems. This division is pivotal in the era of regulation-heavy automotive markets, such as those in the European Union, aiming for heightened environmental standards. By supplying components that promote cleaner, more efficient engines, Rheinmetall taps into the automotive industry's inexorable march toward sustainability. Together, these two complementary sectors enable Rheinmetall to craft a resilient narrative of growth and adaptability, illustrating how a company deeply rooted in its industrial origins can thrive by aligning itself with both the pragmatic demands of today and the technological innovations of tomorrow.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Defence Growth: Defence sales rose 17% year-over-year to EUR 2.3 billion, making up 83% of total sales.

Sales & Margin: Total Q3 sales reached EUR 2.8 billion, up 13%, with a group operating margin of 12.9% and Defence margin of 15.7%.

Backlog Expansion: Order backlog jumped 23% year-over-year to EUR 63.8 billion, supporting confidence in future growth.

Operating Free Cash Flow: Operating free cash flow was negative at minus EUR 168 million in Q3, impacted by inventory build-up and delayed order intake but expected to recover with new contracts and down payments.

Guidance Confirmed: Management remains confident in full-year guidance, expecting Defence sales to grow 35-40% and operating margin around 15.5%.

Major Contracts & Outlook: Significant contract opportunities are expected in Q4 and early 2026, especially from the German government and other European partners, potentially lifting order intake to around EUR 80 billion.

M&A and Partnerships: The company is progressing with the naval business acquisition and several international joint ventures, and remains open to further M&A, especially in digitization and Defence.

Key Financials
Defence Sales
EUR 2.3 billion
Total Sales
EUR 2.8 billion
Operating Results
EUR 360 million
Defence Operating Margin
15.7%
Group Operating Margin
12.9%
Operating Free Cash Flow
minus EUR 168 million
Order Backlog
EUR 63.8 billion
CapEx
8.9% of sales
Equity Ratio
32.9%
Net Financial Position
minus EUR 1.9 billion
Net Debt-to-EBITDA Ratio
0.97
Earnings Call Recording
Other Earnings Calls

Management

Mr. Armin Theodor Papperger
Chairman of the Executive Board & CEO
No Bio Available
Dr. Ursula Biernert
Director of Industrial Relations & Member of Executive Board
No Bio Available
Dirk Winkels
Head of Investor Relations
No Bio Available
Michael Salzmann
Chief Compliance Officer
No Bio Available
Dr. Rolf Giebeler MPA (Harvard)
Representative Director of Law & General Counsel
No Bio Available
Dr. Philipp von Brandenstein
Head of Corporate Communications
No Bio Available

Contacts

Address
NORDRHEIN-WESTFALEN
Dusseldorf
Rheinmetall Platz 1
Contacts
+4921147301.0
www.rheinmetall.com