Rheinmetall AG : Q3 2023 preview – marked acceleration anticipated in Q4 and more dynamic newsflow
>Growth set to show a marked acceleration in Q3 - Rheinmetall is due to publish its Q3 2022 results on 10 November. We anticipate an additional acceleration in growth in Q3 with sales of € 1,433m (+13.9% of which 9.5% organic vs -1.4% l-f-l in Q1 and +3.5% in Q2) essentially buoyed by defence and a continued visible ramp-up at the three sub-divisions. We have modelled an EBIT margin of 8.4% of which 9.1% in the defence segment alone. FCF is set to remain under pressur...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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