Rheinmetall AG : Upbeat prelim. 2020 results; automotive spin-off might still be an option – TP raised to € 108 (vs. € 105), Outperform rating maintained
>Upbeat preliminary 2020 operating results and new corporate structure - Last week, Rheinmetall released preliminary 2020 results for the segments and presented medium-term targets out to 2025 along with a new corporate structure, implying that automotive, except for the pistons business, remains core. Preliminary 2020 group sales stand at € 5.85bn (-6.5% y-o-y) in line with our estimate (€ 5,849m) and we estimate the preliminary 2020 group operating result at € 408m ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.