Rheinmetall AG : TP raised on strong prelim. Q4 2018 results in both defence and automotive
>Prelim. Q4 2018 op. earnings stronger than anticipated - Rheinmetall released upbeat prelim. 2018 results on 01 March. Prelim. Q4 2018 group sales of € 1,984m (+15% yoy) reflect i/ as expected, upbeat defence sales momentum (+24% yoy to € 1,255m), and ii/ better-than-expected automotive sales (€ 731m, +3% yoy) amid weak Q4 2018 LV production growth (-5% yoy). Prelim. group operating earnings for Q4 2018 came in at € 240m, implying a +230bp yoy margin step-up to 12.1...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.