DGAP-Ad-hoc: Rheinmetall AG / Key word(s): Change in Forecast/Development of Sales
Rheinmetall AG: Rheinmetall updates annual sales guidance, earnings guidance confirmed
27-Jul-2022 / 12:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Against the backdrop of persistently high risks with regard to the development of global automotive production, Rheinmetall is updating its sales guidance for fiscal 2022. The company now expects organic sales growth in the current fiscal year of around 15% to be at the lower end of the previous guidance range, which envisaged organic growth of between 15% and 20%.
The previous earnings guidance for fiscal 2022 is confirmed: Rheinmetall expects an improvement in operating result and an operating margin of over 11% in 2022.
27-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Rheinmetall AG
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone:
+49 (0)211 473-4300
Fax:
+49 (0)211 473-4158
E-mail:
dirk.winkels@rheinmetall.com
Internet:
www.rheinmetall.com
ISIN:
DE0007030009
WKN:
703000
Indices:
MDAX
Listed:
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange
Rheinmetall AG specializes in the design, manufacture and marketing of equipment, components and solutions for the military and civilian industries. Net sales break down by family of products as follows:
- vehicle systems (35.1%): multi-purpose wheeled and tracked vehicles (tactical military vehicles, support vehicles, logistics vehicles and special vehicles);
- sensors and actuators (20.5%): actuators, exhaust gas recirculation systems, throttle valves, exhaust gas dampers for electric motors, solenoid valves, pumps, etc. used in thermal and fluid management applications in the mobility and industrial sectors;
- weapon and ammunition systems (19.5%): automatic cannons for land, air and sea vehicles, smooth-bore weapons, artillery systems, smart projectiles, high-energy lasers, etc.;
- electronic solutions (13%): sensors and networking systems, cyberspace protection solutions, air defense systems, radar systems, technical documentation solutions, integrated electronic systems, drones and automated ground robots, training and simulation solutions;
- engine components and systems (11.6%);
- other (0.3%).
At the end of 2022, the Group had 132 production sites worldwide.
Net sales are distributed geographically as follows: Germany (29.5%), Europe (35.7%), Asia and Middle East (16.3%), Americas (9%) and other (9.5%).