Rheinmetall AG : Q3 2023 bang in line. Greater caution on orders with a higher risk of shift to 2025
>Q3 bang in line with css – Nominations a bit soft - Q3 2024 operating income came in at € 302m, up 14.5% l-f-l and 52% reported (ODDO BHF: € 317.3m; Vara css: € 303.2m) for sales up 38.5% l-f-l to € 2,453m, representing a margin of 12.3% (+100bp). While group EBIT was bang in line with expectations, there were some variations by division. In detail, better-than-expected profitability in Vehicle Systems owing to a solid acceleration in truck deliverie...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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