Report
Olfa Taamallah ...
  • Yan Derocles

Rheinmetall AG : Croissance, rentabilité et génération de FCF, l’horizon est dégagé jusqu’en 2026 et au-delà - OC relevé à 323 €

>Des objectifs 2026 supérieurs aux attentes et une forte génération de FCF - Rheinmetall a tenu hier un CMD où il a dévoilé ses objectifs pour 2026 dont i/ un CA compris entre 13 et 14 Md€, ii/ une marge opérationnelle (avant PPA) supérieure à 15% (précédent objectif >13% en 2025) et iii/ une conversion cash désormais définie comme FCF/EBIT supérieure à 50%. Le milieu de fourchette ressort 11.6% au-delà des attentes du consensus VA. Si la rentabilité de l’activité civ...
Underlying
Rheinmetall AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

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