Rheinmetall AG : Q2 2023 preview - A weak Q2 but order notification accelerating thereby securing FY 2023
>Lacklustre Q2 2023 as expected... - Rheinmetall confirms that seasonality will be even more marked this year than it has been in the past. As in Q1, this quarter (Q2 results due for release on 10 August) will suffer the consequences of the lag in order intake in the military segment and a negative impact from the contribution of equity affiliates (low single digit for 4iG and high single digit for Chinese joint ventures). In addition to these factors are the consequ...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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