Report
Olfa Taamallah ...
  • Yan Derocles

Rheinmetall AG : Export et munitions sont les leviers pour dépasser les objectifs 2025

>Des objectifs 2025 globalement en ligne avec les attentes mais un peu légers sur le FCF - Lors de son CMD, Rheinmetall a fixé des objectifs 2025 (hors consolidation d’Expal) 3.7% au-delà du consensus Visible Alpha si l’on retient la moyenne de la fourchette de CA comprise entre 10 et 11 Md€ et de la marge opérationnelle de 13% (dont 15% en défense). L’effet volume apporté par Expal dans les munitions devrait clairement apporter un soutien dans cette division. Par con...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch