Rheinmetall AG : Momentum in order intake secures the growth premium
>Momentum in order intake is not letting up - After € 4.1bn in nominations in Q2, Rheinmetall signed the equivalent of € 7.3bn in contracts in July alone, growing the current backlog by close to 25%. Momentum is not expected to slow, with new orders for Ukraine (c.€ 1bn expected in H2 2023) at a time when decision makers are ramping up on contract announcements, in particular in ammunition, after having analysed the first insights from the Ukraine conflict. The framew...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.
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