Rheinmetall AG : Q3 Q3 2018 results likely to keep uncertainty high on full-year Defence sales guidance, TP lowered to € 80
>We expect the Q3 2018e group op. result down 6% yoy - Rheinmetall will report its Q3 2018 results on 08 November. We expect group sales to come in at € 1,407m (+3% yoy) reflecting i/ only a modest yoy sales increase in Defence (we est. +4% yoy) due to ongoing stress in the value chain resulting in delayed truck lot deliveries, and ii/ weak Q3 2018 global LV production growth (-2% yoy), which might not be fully offset by new ramp-ups of contracts, thus resulting in lo...Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.
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